The Bank of Ghana has lowered its Monetary Policy Rate by 150 basis points to 14 per cent after its latest meeting of the Monetary Policy Committee.

Announcing the decision at the 129th MPC press briefing on March 18, Governor Dr. Johnson Asiama explained that the adjustment reflects improving macroeconomic conditions and relatively elevated real interest rates, which have created space for a policy shift.

Even with the reduction, the central bank signalled caution, pointing to external threats such as escalating geopolitical tensions in the Middle East that could influence inflation trends.

Dr Asiama noted that uncertainties in the global environment remain a key concern but added that current domestic conditions leave room for further policy action if required.

He emphasised that the MPC will continue to track international developments closely, particularly events in the Middle East, and assess their implications for inflation and overall economic stability.