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# Bank of Ghana MPC Cuts Monetary Policy Rate by 350 Basis Points to 18.00%
- URL: https://www.theglobalbanker.com/bank-of-ghana-mpc-cuts-monetary-policy-rate-350-basis-points-18-percent-november-2025/
- Published: 2025-11-26T17:00:00.000Z
- Updated: 2026-10-24T22:55:20.000Z
- Description: Ghana's central bank delivered a 350 bp cut to 18.00% as inflation fell to the 8% target, and reverted to 14-day bills for open market operations.
- Author: TGB Editorial Team
- Tags: Central Banks, Africa, #archive

The Bank of Ghana's Monetary Policy Committee reduced its policy rate by 350 basis points to 18.00% at its November 2025 meeting. The decision was announced on 26 November, after Ghana's inflation fell to the central bank's 8% target in October.

The reduction followed cuts of 300 bp in July and 350 bp in September 2025, taking cumulative easing in 2025 to 1,000 basis points. 

#### INFLATION AT TARGET

The November MPC press release said inflation had eased to the 8.0% target in October and that prevailing high real interest rates provided scope to ease policy.

At 18.00%, the policy rate remains above the 8.0% inflation rate reported for October. 

#### OPEN MARKET OPERATIONS REVERT TO 14-DAY BILLS

Alongside the rate cut, the Bank of Ghana confirmed it would revert to using 14-day bills as the primary instrument for managing liquidity through open market operations.