Ghana's central bank cut interest rates the most in seven years. It thus reduces the monetary policy rate from 300 basis points to 25%.

The interest rate cut is aimed at reviving business lending and accelerating economic recovery, but banks may be hesitant to pass on the relief. The measure was announced after the Monetary Policy Committee meeting last week. Governor Johnson Asiama presented this decline as a response to hard-won stability. ₵ According to him, inflation fell to 12.1% in July, a seventh consecutive month of decline, due to earlier tighter policies, an improvement in the food supply and a stronger cedi (now close to 10.50 percent). $). However, behind è this optimism lies friction

While average loan interest rates have fallen from 30.75% to 27% this year, banks are facing margin compression.