\n According to the country\u2019s central bank, Ghana\u2019s inflation rate has fallen faster than projected; as a result, real borrowing cost has remained elevated, inadvertently harming the economy.\n <\/p>\n
\n The central bank is now considering an interest rate cut, following its previous record-level alteration.\n <\/p>\n
\n In September, the bank’s Monetary Policy Committee (MPC) cut its main interest rate by a record 350 basis points to 21.5%.\n <\/p>\n
\n At the time, Ghana\u2019s inflation had dipped from 11.5% in August to a single-digit rate of 9.4% in September.\n <\/p>\n
\n The rate drop was 3 months ahead of schedule as the country had projected that it would have a single-digit inflation<\/a> rate by the end of the year.\n <\/p>\n \n This swift recovery appears to have also stunned the financial sector, as Johnson Asiama, governor of the Central Bank, recently disclosed during his introductory remarks at the rate-setting Monetary Policy Committee (MPC) meeting that aligning the reduction in the interest rate with the inflation rate presents a significant challenge.\n <\/p>\n \n In the past two sessions, the Bank of Ghana has lowered its policy rate as inflation has decreased from crisis levels.\n <\/p>\n