Ghana Central Bank Slashes Rates as Inflation Eases

Ghana's Central Bank made a significant move by slashing its main policy rate by 350 basis points to 21.5%, the largest reduction on record. Governor Johnson Asiama highlighted the country's improving macroeconomic outlook, with strong GDP growth and easing inflation.

This decision reflects Ghana's positive economic momentum and aims to support continued growth. Inflation has been on a downward trend, falling to its lowest level since October 2021.

The bank projects inflation to continue easing in the near term.