{"id":17472,"date":"2026-07-24T14:08:24","date_gmt":"2026-07-24T14:08:24","guid":{"rendered":"https:\/\/gnbcc.net\/?p=17472"},"modified":"2026-07-24T14:09:28","modified_gmt":"2026-07-24T14:09:28","slug":"pwc-forecasts-12-policy-rate-us1-gh%c2%a213-by-2027","status":"publish","type":"post","link":"https:\/\/gnbcc.net\/pwc-forecasts-12-policy-rate-us1-gh%c2%a213-by-2027\/","title":{"rendered":"PwC forecasts 12% policy rate, US$1-GH\u00a213 by 2027\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">PricewaterhouseCoopers (PwC) Ghana is forecasting a gradual easing of monetary policy, with the Bank of Ghana\u2019s policy rate expected to decline to <strong>12\u201313 percent by early 2027<\/strong>, while the Ghana cedi is projected to gradually weaken to about <strong>GH\u00a213 to US$1 by the end of 2026<\/strong>. The outlook provides an important perspective on the direction of Ghana\u2019s monetary and foreign exchange markets as the economy continues its recovery and macroeconomic conditions evolve.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The forecast suggests that sustained improvements in inflation and broader macroeconomic stability could create room for lower interest rates, potentially easing borrowing costs and improving access to credit for businesses and households. A reduction in the policy rate could also support private-sector activity and investment by making financing more affordable, although the pace of monetary easing will depend on developments in inflation, exchange-rate pressures and other economic risks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, the projected gradual depreciation of the cedi highlights the continued importance of foreign-exchange stability for businesses operating in Ghana. A weaker cedi could increase the cost of imported goods, inputs and equipment, while businesses with foreign-currency obligations may face additional financial pressures. For exporters and firms earning foreign currency, however, exchange-rate movements could offer some competitiveness benefits.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For investors and the private sector, the outlook reinforces the importance of monitoring the interaction between <strong>interest rates, inflation and exchange-rate movements<\/strong>. While lower interest rates could strengthen domestic economic activity, maintaining currency stability and investor confidence will remain essential to ensuring that macroeconomic gains translate into sustainable private-sector growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source:<\/strong> Business &amp; Financial Times (B&amp;FT).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read the full article here:<\/strong> <a href=\"https:\/\/thebftonline.com\/article\/pwc-forecasts-12-policy-rate-us-1-gh-13-by-2027\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">PwC forecasts 12% policy rate, US$1-GH\u00a213 by 2027<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PricewaterhouseCoopers (PwC) Ghana forecasts that the Bank of Ghana\u2019s policy rate could decline to 12\u201313% by early 2027, while the cedi may gradually depreciate to around GH\u00a213 to US$1 by the end of 2026. The outlook highlights potential opportunities for lower borrowing costs alongside continued foreign-exchange risks for businesses.<\/p>\n","protected":false},"author":12,"featured_media":17473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[153],"tags":[],"class_list":["post-17472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"jetpack-related-posts":[{"id":14625,"url":"https:\/\/gnbcc.net\/why-the-disinflation-story-is-only-an-opening-act\/","url_meta":{"origin":17472,"position":0},"title":"Why the disinflation story is only an opening act","author":"Michael Teye","date":"January 16, 2026","format":false,"excerpt":"Domestic inflation has fallen faster than many expected \u2013 easing to 5.4 percent in December 2025 from 23.8 percent a year earlier, according to the Ghana Statistical Service (GSS). This drop, the lowest since the Consumer Price Index (CPI) \u2013 the \u2018basket of goods and services\u2019 which measures inflation \u2013\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/Disinflation.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/Disinflation.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/Disinflation.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/Disinflation.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/Disinflation.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15987,"url":"https:\/\/gnbcc.net\/bog-weighs-policy-realignment-as-inflation-risks-re-emerge\/","url_meta":{"origin":17472,"position":1},"title":"BoG weighs policy realignment as inflation risks re-emerge","author":"Grace Agorigo","date":"May 22, 2026","format":false,"excerpt":"The Bank of Ghana has signalled that it may reassess the country\u2019s interest rate and monetary policy framework as renewed inflation risks from the prolonged Middle East conflict threaten to complicate Ghana\u2019s recent macroeconomic gains. Ghana Economic Reports Opening the 130th Monetary Policy Committee meeting, the governor of the central\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-10.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-10.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-10.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-10.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-10.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":13965,"url":"https:\/\/gnbcc.net\/markets-expected-to-respond-positively-to-2026-budget\/","url_meta":{"origin":17472,"position":2},"title":"Markets expected to respond positively to 2026 budget","author":"Grace Agorigo","date":"November 21, 2025","format":false,"excerpt":"The 2026 budget is expected to draw a favourable response from investors as government moves to consolidate recent macroeconomic gains while easing pressures on businesses through targetted tax reforms, according to economic policy analyst Dr. Theo Acheampong.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/markets-expected.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/markets-expected.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/markets-expected.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/markets-expected.webp?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/markets-expected.webp?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15685,"url":"https:\/\/gnbcc.net\/imf-revises-ghanas-2026-economic-growth-to-4-8\/","url_meta":{"origin":17472,"position":3},"title":"IMF revises Ghana\u2019s 2026 economic growth to 4.8%","author":"Michael Teye","date":"April 17, 2026","format":false,"excerpt":"THE International Monetary Fund (IMF) has revised the Ghana\u2019s 2026 economic growth to 4.8 per cent, from an earlier estimate of 4.6 per cent. 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It is neat, political, and completely misleading. Ghana\u2019s recent experience tells a different story, one that is less comfortable but far more accurate. The GH\u00a215.6 billion \u201closs\u201d recorded in\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-12.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-12.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-12.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-12.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-12.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15505,"url":"https:\/\/gnbcc.net\/govt-bets-on-recovery-story-to-win-back-investors\/","url_meta":{"origin":17472,"position":5},"title":"Gov\u2019t bets on recovery story to win back investors","author":"Michael Teye","date":"March 27, 2026","format":false,"excerpt":"Government is intensifying efforts to rebuild investor confidence, with Finance minister Cassiel Ato Forson pointing to a broad-based macroeconomic turnaround and improved fiscal performance as evidence that the economy has stabilised following its recent debt restructuring.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-22.jpg","_links":{"self":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/17472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/comments?post=17472"}],"version-history":[{"count":2,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/17472\/revisions"}],"predecessor-version":[{"id":17475,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/17472\/revisions\/17475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media\/17473"}],"wp:attachment":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media?parent=17472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/categories?post=17472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/tags?post=17472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}