Ghana Cuts Interest Rate to 18% Amid Declining Inflation and Economic Improvements
Ghana's central bank, led by Governor Johnson Asiama, has lowered its benchmark interest rate to 18% for the third consecutive time due to a rapid decline in inflation. The move comes as Ghana's inflation rate has dropped significantly, reaching a four-year low of 8%.
The country's fiscal position has improved, supported by a surge in global gold prices and a stronger currency. The government, represented by Finance Minister Cassiel Ato Forson, is committed to fiscal consolidation, projecting a budget surplus and narrowing fiscal deficit.
The economy is expected to grow by at least 4.8% in 2026.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
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