Dr. Bernard Osei Tutu, CEO of Dusk Capital, has endorsed the Bank of Ghana’s decision to slash the policy rate by 300 basis points (from 28% to 25%), calling it a critical signal of strengthening macroeconomic stability.
In an interview with The High Street Journal, Dr. Osei Tutu described the cut as “exciting news” for businesses, particularly small and medium enterprises (SMEs) burdened by high borrowing costs.
“The policy rate is a benchmark for commercial lending. This reduction directs banks to lower interest rates, aligning with improving fundamentals,” he stated. Dr. Osei Tutu emphasized the timeliness of the move amid falling consumer prices, cedi appreciation, and exchange rate stability.
He noted that previously, banks maintained high rates despite positive trends a disconnect now being resolved through coordinated policy. “With disinflation accelerating, policy and market rates must follow downward to fuel real recovery,” he argued.
The economist praised the central bank’s holistic approach, linking the decision to broader economic gains: “Easing borrowing costs unlocks growth for SMEs, the backbone of our economy.” He concluded, “Kudos to the Bank of Ghana—this alignment of indicators marks the start of genuine transformation.”
