Business
Bank of Ghana Cuts Policy Rate to 15.5%: Full Reasoning and Economic Outlook
In a closely watched economic policy decision, the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has reduced the Monetary Policy Rate (MPR) by 250 basis points to 15.5%, citing improved inflation dynamics and the need to support credit expansion and economic growth.
This move was reached by majority decision at the MPC’s 128th meeting, held in January 2026.
Four of the six MPC members voted for the rate cut to 15.5%, while the remaining two proposed a deeper cut to 15%, indicating nuanced views within the committee about balancing inflation control with growth support. The majority’s decision reflects optimism that the economy is entering a phase in which tighter monetary conditions can be eased without jeopardising price stability.

Central to the MPC’s reasoning is the significant progress Ghana has made in taming inflation. The disinflation process in 2025 was “substantial and sustained,” with headline inflation falling sharply from 23.8% in January 2025 to 5.4% by December, driven by tight monetary policy, fiscal discipline, improved supply conditions, and exchange rate stability.
Despite the downward march in inflation over the year, the committee emphasised that monetary conditions remained tight relative to prevailing price dynamics — a signal that there was room to ease rates without igniting inflationary pressures. Strong reserve buffers and a strengthened external position also provided confidence that Ghana could cushion potential shocks from global commodity market volatility or adjustments to utility tariffs.
Another factor in the decision was expectations around economic growth. The MPC forecasts that GDP growth will remain robust in 2026, with the output gap estimated to narrow modestly, suggesting that the economy is recovering momentum, with rising demand and strengthening activity across sectors.
While acknowledging ongoing risks — such as possible utility price adjustments, wage pressures, and external supply constraints — the majority concluded that the balance of risks was tilted to the downside, providing justification to lower the policy rate. In doing so, the committee intends to begin normalising real interest rates, foster credit growth, and sustain confidence that inflation will stay within the Bank’s medium-term target band.
Key elements of the MPC’s outlook include:
- Anchored inflation expectations: Survey-based forecasts suggest inflation remains on target barring major shocks.
- Financial stability: Improved banking sector indicators and stronger reserves enhance resilience against external volatility.
- Support for private sector: Lower policy rates can reduce lending costs and stimulate investment and consumption.
The committee also reiterated its data-dependent approach to future rate decisions, noting that continued improvement in inflation metrics could warrant further easing later in 2026. However, members remained attentive to downside risks from global price pressures and the potential impact of domestic utility adjustments that might alter inflation paths.
Overall, the MPC’s decision reflects cautious optimism about Ghana’s macroeconomic trajectory and a pivot towards monetary conditions that support economic recovery while safeguarding price stability.
Business
Young Self-Taught Black Inventor Julian Brown Develops Revolutionary Plastic-to-Fuel Technology
Atlanta, USA – A young Black inventor from Atlanta, Julian Brown, has stunned the scientific community and gone viral worldwide after developing a backyard process that converts everyday plastic waste into usable diesel, gasoline, and jet fuel.
Born in Tennessee and raised in Atlanta, Brown — a self-taught welder with no formal degree or laboratory — created a system called “Plastoline.”
Using an upgraded form of pyrolysis (a thermal decomposition process), enhanced with microwaves and solar energy for cleaner conversion, he built a small reactor capable of turning discarded plastics back into high-quality fuel.
Independent tests reportedly confirmed that the diesel and gasoline produced are among the most refined seen, and he has successfully powered vehicles with the fuel in live demonstrations.
Brown launched a startup called Nature Jab and began sharing his experiments on Instagram and TikTok, where the videos quickly gained millions of views globally. Despite suffering second-degree burns in a reactor explosion, he refused to abandon the project.
He attempted to raise $1 million to scale the technology but secured only tens of thousands of dollars. In July 2025, he posted that he was under attack before temporarily vanishing from public view.
He has since re-emerged, with supporters calling for his protection and greater investment in his work.
The innovation has sparked particular excitement across Africa, where plastic waste accumulates in massive quantities in landfills and communities.
Experts say Brown’s technology could offer a practical solution for turning waste into energy, addressing both environmental pollution and fuel shortages on the continent.
Commentators have criticised the lack of substantial support from investors and the broader community, questioning why a breakthrough with such transformative potential, especially from a young Black inventor, has not received wider backing.
Business
MTN Signals Major Data Center Investment Plans in Ghana
Accra, Ghana – MTN Group is exploring significant investments in data centers in Ghana as Part of its digital push.
The telecoms giant says the move is a natural extension of its broader digital infrastructure strategy in one of its most important African markets.
Group Chief Executive Officer Ralph Mupita made the announcement during a strategic visit to Ghana at the beginning of 2026. He said the company is keen to partner with both public and private stakeholders to develop large-scale data centers that would enhance cloud computing, data storage, and digital service capabilities across the country.
Mupita stated that such facilities are critical to supporting Ghana’s long-term digital transformation and economic growth.
He acknowledged, however, that establishing world-class data centers would require addressing key infrastructure challenges, particularly reliable power supply, suitable land, and advanced cooling systems. MTN is therefore considering collaborative models to ensure projects meet both commercial viability and sustainability standards.
During his engagements, Mupita held discussions with MTN Ghana’s leadership, regulators, and senior government officials, including the Bank of Ghana, the Ghana Investment Promotion Centre, and Minister for Communications, Digital Technology and Innovations, Sam George.
He described Ghana as a priority market that “feels like home” and reaffirmed the Group’s commitment to deepening investments in digital infrastructure and financial inclusion.
On the fintech front, Mupita highlighted plans to expand mobile money services while working closely with the central bank to strengthen fraud prevention through artificial intelligence.
The visit underscored MTN’s ambition to remain a key partner in Ghana’s digital economy, driving innovation, job creation, and inclusive growth.
MTN Ghana (Scancom PLC) is the dominant telecommunications market leader in Ghana and has been recognized as a top-performing operation within the MTN Group. The company is actively shifting from a traditional telco to a technology platform company, with a focus on fintech (Mobile Money) and digital inclusion.
Business
New Cashew Processing Plant and Fertilizer Facility to be Set Up in Ghana
Accra, Ghana – Ghana’s Ministry of Food and Agriculture has signed three Memoranda of Understanding with Chinese firm SENTUO Group Limited to drive agro-industrial growth through major new investments in processing, fertiliser production, and farmer support services.
The agreements, signed in Accra on Tuesday, include the establishment of a cashew processing plant at Sampa in the Bono Region and a fertiliser manufacturing facility. SENTUO will also roll out 30 Farmer Service Centres nationwide to improve access to quality inputs, mechanisation services, and technical support for farmers.

The projects are expected to create significant employment opportunities, particularly for young people, while enhancing value addition and reducing Ghana’s reliance on raw commodity exports.
Minister for Food and Agriculture Eric Opoku described the partnership as a major step toward the government’s Agriculture for Economic Transformation Agenda.
“We are ready to industrialise Ghana’s agriculture,” he said, adding that the cashew plant will process both nuts and apples to maximise returns across the entire value chain.
He emphasised the need to move from exporting raw produce to building a vibrant, value-driven agro-industrial economy.
The Chairman of SENTUO Group Limited, Xu Mingjuan, said the company’s nearly 20 years of operation in Ghana and the current government’s 24-hour economy policy had encouraged further investment. He confirmed that engineers have already started preliminary work on the projects.
The deals signal growing Chinese interest in Ghana’s agricultural transformation and are expected to strengthen food security, boost exports, and create sustainable jobs across the value chain.
-
Ghana News6 hours agoWoman Demands GH¢150,000 from UK ‘Borga’, MTN Reveals Massive Fiber Sabotage and Other Big Stories in Ghana Today
-
Ghana News1 day agoPope Leo XIV Strongly Criticises Foreign Exploitation of Africa During Visit to Conflict-Hit Cameroon
-
From the Diaspora24 hours agoGhana High Commissioner Assures UK Scholarship Students of Structured Payment Plan to Clear £32 Million Debt
-
Africa Watch2 days agoPresident Mahama Arrives in Brazzaville for N’Guesso’s Inauguration as Re-Elected Leader of Congo
-
Ghana News24 hours agoGhana to Open New Embassy in Singapore in Bid To Strengthen Trade Ties with Asia
-
Global Update2 days agoSouth Africa’s Political Landscape Shaken After Julius Malema Sentenced to Five Years in Prison
-
Ghana News1 day agoMorocco Gifts 2,000 Metric Tons of Fertilizer to Ghana Amid Global Shortage
-
Global Update23 hours agoOil Prices Fall By Over 10% as Iran Declares Strait of Hormuz Open
