Economy

Fitch Solutions predicts 7% reduction in Bank of Ghana policy rate by 2025

Fitch Solutions forecasts that the Bank of Ghana’s Monetary Policy Committee (MPC) will reduce the policy rate by 7 per cent in 2025. This projection is based on an anticipated average inflation rate of 16.2 per cent in 2025, down from a projected 22.1 per cent in 2024, due to improvements in Ghana’s foreign exchange market. “We expect Ghana’s monetary easing cycle to extend into 2025, with the BoG lowering the key rate by an additional 700 basis points to 20% by year-end. We predict that inflation will average 16.2% in 2025, down from an expected 22.1% in 2024, partly...
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