Bank of Ghana Reports Increased Lending as Liquidity Improves

The Bank of Ghana (BoG) has reported a significant increase in loan offers from commercial banks, indicating improved liquidity and a strengthening banking sector. Governor Dr. Johnson Asiama announced during a press briefing on January 28, 2026, that banks are actively reaching out to customers with loan proposals, a trend attributed to a recent reduction in the Monetary Policy Rate (MPR) from 18% to 15.5%. This 250 basis point cut is part of the BoG's strategy to support economic growth and enhance access to credit for the private sector.

Dr. Asiama emphasized that the lowered interest rates are a positive sign of renewed confidence in the financial system, which is expected to stimulate private-sector investment and consumption. He noted that while inflation forecasts remain within target, ongoing geopolitical tensions and changes in utility tariffs could pose risks to the economy. Nevertheless, the overall outlook for GDP growth in 2026 remains robust, bolstered by the anticipated increase in lending activity.

This shift towards more accessible credit is seen as a crucial factor in fostering economic recovery and growth, as banks become more willing to extend loans at lower rates, reflecting a more favorable lending environment in Ghana.