At its meeting in September, the Committee of Ghana's monetary policy is facing increasing pressure to proceed to a further significant reduction in interest rates.

Bank of Ghana is currently maintaining its rate reference to 25%, after a reduction of 300 basis points in July which has marked the start of the central bank easing cycle after years of aggressive tightening to fight inflation. According to IC Research, a leading market research firm, says that the rate current nominal manager of 25% translates into a real ex-post rate of 13.5%, which could reach 15.4 per cent by September without intervention. This high real rate offers substantial room for monetary easing. Inflation fell to 11.5% in August 2025, reaching its lowest level since October 2021 and falling short of the 11.9% target set by the authorities for end of 2025. This sustained disinflation offers central banks more great flexibility to support economic growth through costs lower loan.