Market News
Ghana slashes interest rate to 15.50% as inflation falls - REUTERS
Key Points
- Bank of Ghana delivers another rate cut
- Bank governor says strong growth expected in 2026
- Market expects further rate cuts this year
ACCRA, Jan 28 (Reuters) – Ghana’s central bank slashed its main interest rate by 250 basis points to 15.50% – the lowest level in four years and below most economists’ expectations, in a decision announced on Wednesday, as inflation remains under control.
Economists surveyed by Reuters had expected Bank of Ghana to lower the rate by 200 bps to 16% after a big 300 bps cut in July and record 350 bps cuts in September and in November.
The bank has now brought down its main lending rate by a cumulative 12.5 percentage points since starting its current easing cycle last July.
