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Bank of Ghana cuts policy rate to 13.5%

Graphic Online
BY: Maxwell Akalaare Adombila
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The Bank of Ghana (BoG) has slashed its benchmark rate, the policy rate by 100 basis points (bps), signalling a return to monetary easing after a year of tightening.
The bank reduced the rate from 14.5 per cent to 13.5 per cent today after concluding its 100th Monetary Policy Committee (MPC) meeting on May 29.
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, who chairs the seven-member committee, said at a news conference in Accra yesterday that the reduction in the rate followed the waning in risks to the inflation and growth outlooks, which had occasioned a sustained rate-hold between May 2020 and March this year. ....

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MPC preview: Tax hikes make rate-hold necessary

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businessdayghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdayghana.com Daily Mail and Mail on Sunday newspapers.

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Ghana regains lustre for investors ahead of Dec. 7 election despite debt woes

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