BoG reduces policy rate to 13.5 per cent June 1, 2021 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has cut the policy rate by 100 basis points from 14.5 to 13.5 per cent on the back of the recovery of the economy and easing of inflation pressures. This is first time since November 2019, according to data by the website of the BoG, that the MPC has reduced the policy rate to 13.5 per cent. Addressing the 100 MPC press confab in Accra yesterday, Dr Ernest Addison, said rebound in economic activity and easing of inflation pressures informed the decision of the Committee. He said the improvement in the economic activities of the country necessitated the accommodative policy stance of the Committee.