Bank of Ghana announces lowest policy rate in four years at 15.5%Ghana has recorded its lowest Monetary Policy Rate (MPR) in four years, following a 250-basis-point reduction by the Monetary Policy Committee (MPC) of the Bank of Ghana to 15.5 per cent. The last time the policy rate was lower was in July 2021, when it stood at 13.5 per cent, before successive increases that peaked at 30 per cent in September 2023, with some fluctuations in 2024. He said the decision followed an easing of the policy rate by a cumulative 900 basis points in 2024, which led to a reduction in average lending rates to 20.5 per cent from 30.25 per cent. He called for sustained vigilance through disciplined fiscal policy, strong policy coordination, and targeted agricultural interventions to contain food inflation, while monitoring heightened geopolitical tensions. He described the disinflation process as broad-based, supported by tight monetary policy, fiscal consolidation by Government and the appreciation of the cedi against major trading currencies, particularly the United States dollar.