Ghana’s central bank lowered its key interest rate to 27% from 29%, exceeding expectations, as inflation cooled. The MPC expects inflation to drop further, aiming for a year-end range of 13% to 17%, and to reach the medium-term target of 6% to 10% by the end of 2025, barring unforeseen shocks. Economic growth surged to 6.9% in Q2 2024, the strongest in five years, following a 4.8% rise in Q1.