BoG’s unchanged policy rate of 28%, here is MPC Decision Statement

BoG Keeps Policy Rate Unchanged at 28%

The Bank of Ghana has kept its policy rate at 28%. This decision was made during the last meeting. The goal is to control inflation.

The Monetary Policy Committee (MPC) is led by Dr. Johnson Asiama. They noted that inflation remains high compared to the medium-term target. To address this, a tight stance will be maintained to support disinflation.

Additionally, the Committee decided to change the Dynamic Cash Reserve Ratio (CRR).

From now on, banks will maintain their CRR in their respective currencies. Foreign currency reserves will be for foreign deposits. Domestic currency reserves will be for domestic deposits.

This new policy will take effect on June 5, 2025.

For more details, see the MPC Statement: MPC-Decisions-May-2025-2Download.