BoG raises policy rate to 28% on inflation concerns

Private sector credit is beginning to show signs of recovery – Governor Asiama

Governor of the Bank of Ghana (BoG) Dr Johnson Asiama has said that private sector credit is beginning to show signs of recovery. In February 2025, he said, private sector credit recorded 26.9 percent annual growth, compared with 5.1 percent in February 2024. In real terms, he added, credit growth was 3.1 percent, compared with a decline of 14.7 percent in February 2024. In the banking sector, he said that banks’ performance continued to improve…

BoG raises policy rate to 28% on inflation concerns

The Bank of Ghana (BoG) has raised its benchmark policy rate by 100 basis points to 28 percent, citing persistent inflationary pressures despite signs of economic recovery. The decision, announced by Governor, Dr. Johnson Asiama at a press briefing in Accra, reflects the central bank’s ongoing effort to maintain price stability while balancing economic growth concerns. The policy adjustment comes amid respectable Gross Domestic Product (GDP) gro…

BOG Decides: Policy Rate Hiked to 28% Amid Inflation Concerns

The Bank of Ghana (BoG) has raised the Monetary Policy Rate (MPR) by 100 basis points to 28%, defying market expectations that the rate would either remain unchanged at 27% or see a reduction. The Monetary Policy Committee (MPC) took this decision by a majority vote, a notable shift from the usual unanimous stance. Ahead […]

CTS deposits fell by 2.5% in February of this year | Credits | Private Sector | Loans | Central Reserve Bank