Dr Johnson Asiama is the BoG Governor
The Bank of Ghana has announced a further reduction in its policy rate, cutting it from 18% to 15.5%.
This represents a drop of 250 basis points and marks a significant shift in the country’s monetary stance.
The announcement was made by Dr Johnson Asiama, Chair of the Monetary Policy Committee (MPC), during the Committee’s 128th press briefing on Wednesday, January 28, 2026.
He explained that the decision was driven by a sustained decline in headline inflation and expectations that price pressures will continue to ease in the near term.
The policy rate guides the interest rates at which banks extend credit to businesses and households, making it a critical tool for managing inflation, investment, and overall economic activity.
Cedi falls by 2 pesewas, trading at GH¢10.92 to the dollar.
Dr Asiama noted that the cedi has shown resilience, strengthening against major trading currencies, particularly the US dollar, and maintaining stability.
He added that Ghana’s macroeconomic conditions have improved considerably, giving the Committee confidence in its ability to maintain price stability and keep inflation within the target band.
The latest figures by the Ghana Statistical Service show that Ghana’s inflation rate fell to 5.4 percent year-on-year in December 2025.
SA
Source:
www.ghanaweb.com
