Tag: Bank of Ghana

Bank of Ghana Slashes Interest Rate to 21.5% as Inflation Declines

Bank of Ghana Slashes Interest Rate to 21.5% as Inflation Declines

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The Bank of Ghana (BoG) has cut its benchmark policy rate by a record 350 basis points, lowering it from 25% to 21.5%, as the country continues to experience a sharp decline in inflation. This is the second consecutive major reduction this year, following a 300-basis-point cut in July. Why the Rate Cut? The central bank’s Monetary Policy Committee (MPC) […]

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Bank of Ghana Suspends Key Remittance Partnerships Over Regulatory Breaches

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The move, which takes effect on September 18, 2025, is aimed at tightening compliance within the financial ecosystem and safeguarding the country’s foreign exchange market. The Bank of Ghana has announced the suspension of several money transfer operators (MTOs) and payment service providers (PSPs) for breaching regulatory guidelines on inward remittance services. The move, which takes effect on September 18, 2025, […]

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