Ghana's central bank has cut its key interest rate from 28% to 25%, the largest reduction in its history, as inflation continues to ease and the country shows signs of economic recovery.
The IMF has approved an immediate disbursement of $367 million to Ghana, bringing the total financial support provided to the country since May 2023 to nearly $2.3 billion.
Global credit rating agency Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘Restricted Default’ to ‘B-’ with a Stable Outlook.
The Ghanaian cedi has surged nearly 50 percent against the US dollar in 2025, outperforming all other global currencies.
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