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Analysis by Region - Emerging Markets - Ghana

Publisher Oxford Economics
Published Aug 07, 2025
Length 6 Pages
SKU # OFE20317582

Description

Ghana’s Monetary Policy Committee (MPC) has signalled a clear shift toward monetary easing by cutting its policy rate by a record 300 bps to 25% in July. With inflation on a downward path and fiscal and external risks more contained, the central bank now has scope for an additional 200 bps of rate cuts in 2025, in our view. However, future moves will depend on continued disinflation and exchange rate stability.

Table of Contents

6 Pages
Ghana: Signs of stabilisation amid fiscal and monetary improvements
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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