Policy rate to go down between 1.0% and 1.5% – Report

IC Research anticipates a 1.0 to 1.5 percentage point cut in the Bank of Ghana's Monetary Policy Rate (MPR) during the upcoming Monetary Policy Committee (MPC) meeting, citing August's 20.4% inflation drop and a US Federal Reserve rate cut.

The reduction is expected to lower interest rates and borrowing costs. With Ghana's real policy rate now at 8.6%, higher than peers like Kenya (8.35%) and Uganda (6.50%), further disinflation is projected for September. The anticipated US rate cut supports a reduction in Ghana’s MPR, with low risk to cedi-denominated assets.