Bank of Ghana lowers policy rate by 100 basis points to 13.5%

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Governor of the Bank of Ghana, Dr. Ernest AddisonGovernor of the Bank of Ghana, Dr. Ernest Addison

The central bank’s Monetary Policy Committee has lowered the policy rate by a 100 basis point at 13.5 percent from 14.5 percent.

Announcing the decision at its 100th MPC press conference, Governor of the Bank of Dr. Ernest Addison on May 31 said this was based on the fiscal policy measures contained in the 2021 budget gearing towards economic growth.

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