Finance Minister Ato Forson has described the Bank of Ghana’s (BoG) decision to maintain the policy rate at 18% as a strong indication of renewed confidence in the country’s economic direction.
In a post on X (formerly Twitter) following the central bank’s announcement, Dr Forson said the rate signals growing stability in key economic indicators, including inflation, fiscal performance, and investor sentiment.
According to him, the decision reflects the central bank’s belief that Ghana’s economy is gradually recovering from recent challenges.
He noted that maintaining the rate at 18 per cent supports ongoing efforts to stabilise prices while allowing economic activity to expand.
“With inflation now down to 8 per cent in October, the central bank has taken another bold step by reducing the policy rate to 18 per cent, a deep cut of 350 basis points. This marks a drastic fall from the 27 per cent recorded in November 2024,” he said.
The Finance Minister added that the government will continue implementing policies to sustain macroeconomic stability, improve revenue performance, and boost private-sector growth.
“The move reflects renewed economic confidence, and it means lower borrowing costs, improved access to credit, and greater room for businesses and individuals to grow, invest, and create jobs. The recovery is clearly strengthening, and it can only get better!” Ato Forson stated.
The Bank of Ghana’s latest Monetary Policy Committee announcement has drawn wide interest from business leaders and analysts, many of whom view the rate decision as a sign of potential easing of pressure on borrowing costs in the medium term.
The Central Bank delivered its most aggressive policy easing in years, slashing the benchmark policy rate by 350 basis points—from 21.5% to 18%.
The Bank of Ghana’s monetary policy easing continues.
With inflation now down to 8 percent in October, the central bank has taken another bold step by reducing the policy rate to 18 percent, a deep cut of 350 basis points.
This marks a drastic fall from the 27 percent recorded… pic.twitter.com/Qws5MY9ocH
— Cassiel Ato Forson (PhD) (@Cassielforson) November 26, 2025
The decision, announced by Governor Dr Johnson Asiama after the MPC’s 127th meeting, comes against a backdrop of rapidly moderating inflation, strengthening macroeconomic buffers, and a renewed push to support Ghana’s fragile but improving growth recovery.
Dr Forson stressed that sustained economic discipline and continued reforms will be key to building on the positive outlook.
He expressed optimism that the coming months will see further improvement as both fiscal and monetary measures take hold.
