Ghana Interest Rate

The Bank of Ghana trimmed its benchmark monetary policy rate by another 350 bps to 18% on November 26, 2025, marking the third consecutive rate reduction this year. Policymakers cited an improved macroeconomic outlook and expectations of a continued decline in inflation. Ghana's annual inflation rate fell to an over four-year low of 8% in October 2025, marking the tenth consecutive period of deceleration and aligning with the mid-point of the central bank’s 6%–10% target band. "Inflation has eased faster than we anticipated, and is likely to settle between 4% and 6% by year's end before stabilizing around the target band in 2026,” said Governor Johnson Asiama. Meanwhile, economic growth for the year is projected to remain solid.