Business News of Wednesday, 18 March 2026Source: www.ghanaweb.comThe Bank of Ghana has reduced its policy rate from 15.5 percent to 14 percent, representing a 150 basis point cut as part of efforts to support economic recovery. According to Central Bank Governor, Dr Johnson Pandit Asiama, the decision forms part of a continued shift toward easing monetary conditions following a period of tight policy aimed at controlling inflation. The policy rate serves as a benchmark for interest rates across the economy, and the reduction is expected to translate into lower borrowing costs for businesses and households. Lower interest rates may also improve access to credit for housing, education, and other personal needs. He stressed that the Bank stands ready to take appropriate policy actions as needed to safeguard price stability.

Source: GhanaWeb March 18, 2026 16:19 UTC