Back to today’s briefing

Story perspectives

Ghana Cuts Policy Rate, Still Third Highest in Region

10/13/2025

30 3

Summary

Story summary

Ghana's policy rate is 21.5%, the third-highest in Sub-Saharan Africa, after 7.5 percentage points of cuts since early 2025.
The World Bank's October 2025 report shows Nigeria at 27% and Malawi at 26% as higher rates.
In September 2025, the Bank of Ghana cut the policy rate by 350 basis points.
Ghana's monetary conditions remain tight relative to Kenya and South Africa, and the Bank aims to anchor inflation.

1 of 1

Story summary

Ghana's policy rate is 21.5%, the third-highest in Sub-Saharan Africa, after 7.5 percentage points of cuts since early 2025.
The World Bank's October 2025 report shows Nigeria at 27% and Malawi at 26% as higher rates.
In September 2025, the Bank of Ghana cut the policy rate by 350 basis points.
Ghana's monetary conditions remain tight relative to Kenya and South Africa, and the Bank aims to anchor inflation.