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# Bank of Ghana cuts policy rate by 150 basis points to 14% in March 2026
- URL: https://www.theglobalbanker.com/bank-of-ghana-cuts-policy-rate-150bp-to-14-percent-march-2026/
- Published: 2026-03-18T09:12:00.000Z
- Updated: 2026-10-24T12:45:29.000Z
- Description: The Bank of Ghana cut its policy rate by 150 bp to 14.00% on 18 March 2026, with inflation at 3.3%.
- Author: TGB Editorial Team
- Tags: Central Banks, Africa, #archive

The Bank of Ghana’s Monetary Policy Committee cut the policy rate by 150 basis points to 14.00% from 15.50% on 18 March 2026.

#### REAL RATES STILL HIGH

Headline inflation slowed to 3.3% in February, below the 8% (±2 percentage points) target band, with food inflation at 2.4% and non-food inflation at 4.0%. The central bank said high prevailing real interest rates gave it scope to ease further. Its composite index of economic activity grew 8.4% in January, and gross international reserves reached US$14.5 billion (5.8 months of import cover) at end-February.

**Sources:** [Bank of Ghana, monetary policy releases](https://www.bog.gov.gh/monetary-policy/); [Ghana News Agency, March 2026](https://gna.org.gh/2026/03/bog-cuts-policy-rate-to-14-per-cent-despite-geopolitical-tensions/); [Citi Newsroom, March 2026](https://citinewsroom.com/2026/03/bog-rate-cut-to-14-not-unanimous-mpc-split-over-global-risks-pace-of-easing/).