Monetary Policy

Bank of Ghana Cuts MPR by 200 Basis Points to 27%: Implications and Economic Outlook

At its 120th meeting, the Monetary Policy Committee (MPC) of the Bank of Ghana made the decision to reduce the Monetary Policy Rate (MPR) from 29.0% to 27.0%, marking a significant policy shift. This is the first rate cut since January, a move that reflects improving economic conditions, including easing inflation and strong fiscal performance. […]