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Expert Critiques Bank of Ghana's Ineffective Rate Cut

8/2/2025

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Summary

Story summary

Dr. Eric Boachie Yiadom, Senior Fellow at Africa Policy Lens, criticized the Bank of Ghana's 300 basis points policy rate cut.
He argues that the new rate does not effectively reduce the high cost of credit for businesses.
Yiadom also serves as a lecturer at the University of Professional Studies Accra.

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Story summary

Dr. Eric Boachie Yiadom, Senior Fellow at Africa Policy Lens, criticized the Bank of Ghana's 300 basis points policy rate cut.
He argues that the new rate does not effectively reduce the high cost of credit for businesses.
Yiadom also serves as a lecturer at the University of Professional Studies Accra.