Ghana’s central bank has cut its main interest rate by 350 basis points to 18%, citing improved economic outlook and expectations for further declines in consumer inflation.
This is the third rate cut in 2025, following reductions in July and September, and brings the cumulative cut to 1,000 basis points.
The move aims to support economic recovery and expansion while maintaining price stability. Ghana’s consumer inflation has fallen sharply from 54% in January 2023 to 8% year-on-year in October.
The bank projects stable inflation around its target band of 8% into 2026.
