Bank of Ghana Governor Dr Johnson Asiama has announced that the central bank, through a majority decision, reduced the Monetary Policy Rate from 18 percent to 15.5 percent, marking its first policy decision for 2026.
Addressing journalists at a press briefing held at Bank Square on Wednesday, January 28, after the 128th Monetary Policy Committee (MPC) meeting, Dr. Asiama disclosed that the move follows a major 350-basis-point cut in November 2025, when the MPR declined from 21.5 percent to 18 percent due to easing inflationary pressures.
“The latest 250-basis-point reduction signals the central bank’s continued support for economic growth while maintaining a cautious stance on price stability. With the latest reduction of 250 basis points, the central bank is signaling continued support for growth while maintaining a cautious approach to price stability. The committee voted to lower the monetary policy rate by 250 basis points to 15.5%. We will continue to monitor developments closely and take appropriate policy actions as necessary,” Dr. Asiama stated.
Further, the governor explained that the decision reflects expected improvements in key macroeconomic indicators at both the domestic and global levels and emphasized that the Bank of Ghana remains committed to a measured and forward-looking policy approach to balance economic growth with inflation management.
