The Bank of Ghana (BoG) delivered a significant policy surprise on January 28, 2026, by cutting its Monetary Policy Rate (MPR) by 250 basis points to 15.5%, the lowest level since March 2022. Driven by sustained disinflation and fiscal consolidation, the policy shift reflects growing confidence in Ghana’s macroeconomic stabilisation. The MPR serves as the cornerstone of Ghana's inflation-targeting framework, established under the Bank of Ghana Act (2002, as amended). Lower rates discourage excessive saving, spurring consumer demand and business expansion. In essence, the BoG's MPR reductions from 18% to 15.50% signal confidence in Ghana's recovery, which is poised to lower financing barriers and spur growth.