33 h. ago Gold Rises on Fed Rate Cut Hopes as Jobs Data Softens Dollar

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/gold-rises-on-fed-rate-cut-hopes-as-jobs-data-softens-dollar/Gold climbed for a second straight session, closing near $3,355 an ounce as fading U.S. economic strength boosted bets the Federal Reserve will cut rates in September. A weaker dollar and sliding Treasury yields lifted the metal, with traders increasingly viewing it as a shelter ahead of expected policy easing. Fresh U.S. data fueled the […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/gold-rises-on-fed-rate-cut-hopes-as-jobs-data-softens-dollar/

Politics

3 d. ago Ghana’s Central Bank Eyes Further Rate Cut as Inflation Eases

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-eyes-further-rate-cut-as-inflation-eases/Ghana’s disinflation trend has strengthened the case for another policy rate reduction when the Bank of Ghana’s Monetary Policy Committee (MPC) meets in September. July’s headline inflation fell to 12.1% a near four-year low satisfying the MPC’s precondition for additional easing after July’s 300-basis-point cut to 25%. Most committee members had signaled willingness to lower […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-eyes-further-rate-cut-as-inflation-eases/

Politics

7 d. ago Ghana Banks to Lower Lending Rates as Key Benchmark Falls Below 20%

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/reference-rate-drops-to-19-67-banks-to-cut-lending-rates-credit-relief-expected-for-borrowers/Commercial banks in Ghana will reduce lending costs for borrowers following a sharp decline in the Ghana Reference Rate (GRR), offering potential relief to businesses and households. The benchmark rate dropped from 23.69% in June to 19.67% this month, the Ghana Association of Banks confirmed today. This shift comes after the Bank of Ghana cut […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/reference-rate-drops-to-19-67-banks-to-cut-lending-rates-credit-relief-expected-for-borrowers/

Politics

8 d. ago Ghana Central Bank Eyes Earlier Rate Cut Amid Inflation Easing

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-eyes-earlier-rate-cut-amid-inflation-easing/Bank of Ghana Governor Dr. Johnson Asiama has signaled a potential unscheduled policy meeting to further reduce interest rates if inflation continues declining through July and August. Speaking at a Chartered Institute of Bankers (CIB) seminar in Accra, Asiama stated the Monetary Policy Committee could convene before its planned September 23–26 session to cut the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-eyes-earlier-rate-cut-amid-inflation-easing/

Politics

9 d. ago Ghana Central Bank Slashes Policy Rate in Surprise Move Amid Economic Shifts

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-in-surprise-move-amid-economic-shifts/The Bank of Ghana has cut its benchmark Monetary Policy Rate by 300 basis points to 25%, defying market expectations in a decisive shift toward stimulating growth. Five of six Monetary Policy Committee members backed the aggressive reduction, citing plunging inflation (13.7% in June from 23.8% in December 2024), a 40.7% year-to-date cedi surge, and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-in-surprise-move-amid-economic-shifts/

Events

9 d. ago Ghana Central Bank Slashes Policy Rate to 25% in Major Easing Move

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-to-25-in-major-easing-move/Ghana’s Monetary Policy Committee has cut its benchmark interest rate by 300 basis points to 25%, delivering its most aggressive reduction since 2025’s disinflation trend began. The decision, reached by majority vote during July 28-30 meetings, signals the Bank of Ghana’s intensified focus on stimulating economic growth while maintaining price stability. This marks the ninth […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-to-25-in-major-easing-move/

Politics

9 d. ago BoG Governor urges banks to rethink lending strategy after policy rate cut

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has urged commercial banks to reassess their lending strategies in the wake of the central bank’s latest monetary policy decision aimed at revitalising the economy. Speaking at the Chartered Institute of Bankers Ghana’s post Monetary Policy Committee (MPC) roundtable discussion, Dr. Asiama said the […]

Events

1 week ago 4 out of 6 members of MPC voted for a 300 basis points rate cut

A scan of the document by the Bank of Ghana showed that majority of these members where worried about the potential threat to inflation rate going up due to what they describe as “external pressures from geopolitical tensions, global tariffs wars, alongside domestic pressures from pending quarterly adjustments in utility tariffs, energy sector levy on ex-pump prices and emerging pressures on crude oil prices present upside risks to inflation”.

Politics

1 week ago Ghana Vehicle Price Relief Expected Gradually After Rate Cut

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-vehicle-price-relief-expected-gradually-after-rate-cut/The Automobile Dealers Union of Ghana (ADUG) has welcomed the Bank of Ghana’s reduction of its policy rate from 28% to 25%, calling it a strategic move that could eventually lower vehicle prices and boost business confidence. In a statement, the union praised the central bank and government for their commitment to easing borrowing costs […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-vehicle-price-relief-expected-gradually-after-rate-cut/

Politics

1 week ago Economist Doubts BoG Rate Cut Will Meaningfully Reduce Lending Costs

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-doubts-bog-rate-cut-will-meaningfully-reduce-lending-costs/Economist Professor Patrick Asuming cautions that the Bank of Ghana’s recent 300-basis-point policy rate cut to 25% is unlikely to trigger substantial reductions in commercial lending rates, citing persistent banking-sector vulnerabilities. While the central bank’s bold monetary easing aims to stimulate recovery amid improving inflation and growth indicators, Professor Asuming notes high non-performing loans and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-doubts-bog-rate-cut-will-meaningfully-reduce-lending-costs/

Politics

1 week ago Ghana Policy Rate Cut Signals Potential Loan Relief Amid Economic Shifts

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-policy-rate-cut-signals-potential-loan-relief-amid-economic-shifts/The Bank of Ghana’s 300-basis-point reduction of the Monetary Policy Rate (MPR) to 25% signals potential relief for borrowers, though its real-world impact hinges on complex financial linkages. Analysts confirm the cut—driven by falling inflation (13.7% in June, nearing the 11.9% year-end target)—should gradually lower borrowing costs, but caution that transmission faces delays due to […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-policy-rate-cut-signals-potential-loan-relief-amid-economic-shifts/

Economics

1 week ago Ghana Central Bank’s Rate Cut Splits Economists on Inflation Risks

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/a-bold-move-or-premature-gamble-economists-divided-over-reduction-in-policy-rate/The Bank of Ghana’s surprise 300-basis-point policy rate reduction from 28% to 25% has divided economists, with some hailing it as a growth catalyst and others warning it risks undermining inflation progress. Business groups including GUTA and GNCCI applauded the cut, anticipating lower borrowing costs for struggling enterprises. Dr. Paul Appiah-Konadu of Pentecost University endorsed […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/a-bold-move-or-premature-gamble-economists-divided-over-reduction-in-policy-rate/

Politics

1 week ago Gold Prices Steady Near US$2,360 as Rate Cut Bets Offset Trade Risks

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/gold-prices-steady-near-us2360-as-rate-cut-bets-offset-trade-risks/Gold traded sideways near $2,360 per ounce, retreating slightly from last week’s 2% surge as conflicting forces—rising U.S. rate-cut expectations and deepening trade uncertainties—left investors cautious. Markets now assign an 80% probability to a Federal Reserve rate cut in September, up sharply from 63% a week ago, according to CME’s FedWatch Tool. This shift followed […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/gold-prices-steady-near-us2360-as-rate-cut-bets-offset-trade-risks/

Economics

1 week ago Lending rates to fall from August 6, 2025 – Ghana Association of Banks CEO

The Chief Executive of the Ghana Association of Banks (GAB), John Awuah, is projecting a reduction in interest rates on loans from August 6, 2025. According to him, this is due to the 300 basis points cut in the policy rate by the Bank of Ghana to 25%. Mr. Awuah disclosed this in an interview […]

Politics