The Pensioner’s Dilemma: What falling interest rates really mean for retirees in Ghana

When the Bank of Ghana holds its policy rate at 14%, it can appear to be a distant, technical decision, one that lives in the realm of economists, central bankers and financial analysts. Yet beyond boardrooms and policy briefings, the effects are far more intimate. For thousands of Ghanaians, particularly pensioners who depend on steady post-retirement income, the consequences are immediate, tangible, and often unsettling. At the heart of this issue lies a simple mechanism. The policy rate, ...

By Isaac Yeboah