Bank of Ghana cuts policy rate by 150 basis points to 14% in March 2026
Exterior view of the Bank of Ghana's modern corporate headquarters complex (Bank Square) in Accra, Source Bank of Ghana via FB used for editorial purposes only.

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; Ghana News Agency, March 2026; Citi Newsroom, March 2026.

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