Accra, July 18, 2025 — The Bank of Ghana is expected to announce a major interest rate cut this week, following a surprise decision to bring forward its monetary policy meeting. This move comes on the heels of a significant drop in inflation, strengthening calls for monetary easing to support economic growth.
Economic analysts predict the central bank could slash the benchmark lending rate by as much as 200 basis points, citing the country’s lowest inflation rate in more than two years. Ghana’s inflation slowed markedly in June, bolstering optimism for economic recovery and prompting swift action from policymakers.
The early convening of the Monetary Policy Committee (MPC) has intensified speculation that the apex bank intends to respond decisively to changing economic conditions. The country, still emerging from a debt restructuring process and under the watch of the International Monetary Fund (IMF), has been implementing a series of reforms to stabilise its economy.
“With inflation easing faster than expected and the cedi showing greater resilience, this is the most opportune moment to ease interest rates,” said Kwame Mensah, a financial analyst in Accra. “A rate cut could provide breathing room for businesses and help stimulate investment.”
In its last meeting in May, the Bank of Ghana maintained the policy rate at 29%, one of the highest in Africa, citing inflationary concerns. However, the latest economic data has paved the way for a likely policy shift.
The MPC is expected to announce its official decision in the coming days as Ghanaians await measures that could lower borrowing costs and spark renewed economic momentum.