BoG Reduces Policy Rate to 15.5%

The Bank of Ghana (BoG) has reduced the Monetary Policy Rate to 15.5% following the 128th Monetary Policy Committee Meeting.

This is a 250-basis point reduction from 18%.

Announced on January 23, the Chairman of the MPC, Governor Dr Johnson Asiama, cited strengthened and stabilised local currency and easing inflation for the measure.

It comes after the King of the Asante Kingdom, Otumfuo Osei Tutu II, sounded a clarion call about the impact of the high interest rates on the economy and businesses.

During a visit to the Bank Square on January 7, 2026, His Majesty issued an alert about the seeming neglect of interest rates, with exchange rates unavoidably overshadowing attention.

While falling on past experience, Otumfuo suggested that the Bank of Ghana (BoG) needed to accelerate the pace of interest rates reduction.

The Asantehene posited that no amount of government intervention or international investment guaranteed development like domestic private investment.

“The challenge I leave with your creative brains is to fashion how you move the economy from the crippling high-interest regime to a level where it becomes a stimulant of business and wealth creation,” the Asantehene said during a visit to the Bank Square on January 7, 2026.

Story by Hajara Fuseini

Click to read more: https://opemsuo.com/author/hajara-fuseini/