Bank of Ghana’s 350bps Rate Cut: What It Means for Ghana’s Economy

The Monetary Policy Committee (MPC) of the Bank of Ghana has concluded its 127th meeting with a significant decision — a reduction in the Monetary Policy Rate (MPR) by 350 basis points, from 21.5% to 18%. This is the largest single cut in the current easing cycle and marks a turning point in Ghana’s macroeconomic recovery efforts.