Monetary policy
Bank of Ghana Policy Rate
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The Bank of Ghana monetary policy rate is the benchmark interest rate set by the Monetary Policy Committee. It steers lending rates and inflation, and it is one of the main levers behind the cedi's value. The current rate is shown above.
Frequently asked questions
- What is the Bank of Ghana policy rate today?
- The Bank of Ghana policy rate is the benchmark interest rate set by the Monetary Policy Committee. The current value is shown above.
- How often does the policy rate change?
- The Monetary Policy Committee meets roughly six times a year and can hold or change the rate at each meeting, so it moves irregularly rather than on a fixed schedule.
- How does the policy rate affect the cedi?
- A higher policy rate tends to cool inflation and can support the cedi by making cedi assets more attractive; a lower rate does the opposite. It also feeds through to bank lending rates.