The Monetary Policy Committee held an emergency meeting on 18 July, earlier than the scheduled session on 30 July. The Bank of Ghana could reduce its current benchmark interest rate to 28%, by 300 basis points following a sharp drop in inflation and falling bond yields

June inflation fell from 18.4% in May to 13.7%, the lowest level since December 2021. The Ghanaian cedi also appreciated significantly, ranking as the world's second-best performing currency against the US dollar this year, after the

Economists are forecasting a reduction of 100 to 300 basis points in order to ease the cost of servicing debt, support credit growth, and stimulate economic recovery. Treasury yields at 56 days fell by 10 points to 18% after the release of inflation data, indicating lower inflation expectations.

A fall in rates could mark a decisive turning point in Ghana's post-crisis recovery. The central bank's austerity policy has stabilized inflation and the exchange rate after years of macroeconomic tensions