The Monetary Policy Committee of the Bank of Ghana on Monday increased the policy rate by 50 basis points to 30 percent, citing risks to inflation. Dr Ernest Addison, the Governor of the Central Bank said in the Committee’s assessment risks to the inflation profile remain elevated driven by the…
BoG increases policy rate to 30% modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.
Emerging market economies bore the brunt of the strongest U.S. dollar in two decades in 2022, a rise that battered them with capital outflows, higher import prices and tighter financial conditions, the International Monetary Fund said on Wednesday. The IMF said new research in its annual External Sector Report shows that the dollar's surge last year had a bigger impact on emerging markets than on smaller advanced economies, partly due to the latter group's more flexible exchange rates. For every 10% of U.S. dollar appreciation linked to global financial market forces, emerging market economies faced a gross domestic product (GDP) output decline of 1.9% after one year, a drag that is expected to linger for 2.5 years, the IMF said.
India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin. The task, however, may not be easy, given the current level of capital stocks, infrastructure and skill sets of the people, said the article titled India @ 100 .
India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin.