Accra: The Bank of Ghana is currently holding its 129th Monetary Policy Committee (MPC) press briefing to outline key decisions on interest rates and the country's economic outlook. The briefing follows the Committee's second meeting of 2026, where members assessed major economic indicators, including inflation trends, exchange rate stability, and growth prospects.
According to Ghana Web, at its first meeting in January, the MPC announced a reduction in the policy rate from 18% to 15.5%, representing a 2.5 percentage point (250 basis points) cut. This move by the central bank signals a shift in monetary policy and is expected to lower borrowing costs for businesses and households.
Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, is set to address the media on the next policy direction and its implications for inflation and economic recovery. The decisions made in this briefing are crucial for shaping the financial environment in the coming months.