{"id":396142,"date":"2026-01-29T03:29:13","date_gmt":"2026-01-29T03:29:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/396142\/"},"modified":"2026-01-29T03:29:13","modified_gmt":"2026-01-29T03:29:13","slug":"bog-lowers-policy-rate-from-18-to-15-5","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/396142\/","title":{"rendered":"BoG lowers policy rate from 18% to 15.5%"},"content":{"rendered":"<p id=\"article-123\">The <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=3532\" rel=\"nofollow noopener\">Bank of Ghana<\/a> has announced a further reduction in its monetary policy rate, lowering it from 18% to 15.5% after its first meeting of 2026.<\/p>\n<p>This means that the cost of borrowing from commercial banks for businesses and households is expected to decrease.<\/p>\n<p>The 2.5 percentage point drop (250 basis points) marks a significant shift in the country\u2019s monetary policy.<\/p>\n<p>The announcement was made by Dr Johnson Asiama, Chair of the Monetary Policy Committee (MPC), during the Committee\u2019s 128th press briefing on Wednesday, January 28, 2026.<\/p>\n<p>Dr Asiama explained that the decision was driven by falling inflation, which is expected to remain low in the near term.<\/p>\n<p>The policy rate influences the interest rates banks charge businesses and households, so a reduction can make loans cheaper and encourage investment.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Cedi-falls-by-2-pesewas-trading-at-GH-10-92-to-the-dollar-2019168\" rel=\"nofollow noopener\" target=\"_blank\">Cedi falls by 2 pesewas, trading at GH\u00a210.92 to the dollar.<\/a><\/p>\n<p>Dr Asiama also noted that the cedi has remained resilient, strengthening against major currencies, particularly the US dollar.<\/p>\n<p>He added that Ghana\u2019s macroeconomic conditions have improved significantly, giving the Committee confidence in its ability to maintain price stability and keep inflation within the target band.<\/p>\n<p>The latest figures from the Ghana Statistical Service show that Ghana\u2019s inflation rate fell to 5.4% year-on-year in December 2025.<\/p>\n<\/p>\n<\/p>\n<p>SA\/MA<\/p>\n","protected":false},"excerpt":{"rendered":"The Bank of Ghana has announced a further reduction in its monetary policy rate, lowering it from 18%&hellip;\n","protected":false},"author":2,"featured_media":301686,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-396142","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/396142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=396142"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/396142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/301686"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=396142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=396142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=396142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}