Ghana’s Recovery Clearly Strengthening- Finance Minister

The Minister for Finance, Dr Cassiel Ato Forson, has affirmed that the country’s recovery is “clearly” strengthening.

This is in response to the just-announced Monetary Policy Rate (MPR) reduction by the Bank of Ghana (BoG).

“With inflation now down to 8 per cent in October, the central bank has taken another bold step by reducing the policy rate to 18 per cent, a deep cut of 350 basis points. This marks a drastic fall from the 27 per cent recorded in November 2024.”

In his view, this reflects renewed economic confidence and means lower borrowing costs, improved access to credit, and greater room for businesses and individuals to grow, invest, and create jobs.

“The recovery is clearly strengthening, and it can only get better!”

Story by Hajara Fuseini

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