Bank of Ghana reverts to previous Cash Reserve Ratio policy after scrapping it last year

The Bank of Ghana has staged a dramatic U-turn on its decision to jettison the previous government's policy of keeping CRR (Cash Reserve Ratio) on Forex in cedis. The decision was taken at the Bank of Ghana's Monetary Policy Committee meeting held on Wednesday, May 20, 2026, and the reversed measure is to take effect on June 4, 2026.

By Isaac Yeboah