BoG Cuts Key Interest Rates

The Bank of Ghana (BoG) has cut its benchmark interest rate by 100 basis points from 23.5 to 22.5 percent, citing a downward trend in inflation towards medium term targets. The BoG has set eight plus or minus two percentage points as its medium target and the central bank Governor, Dr Ernest Addison is confident … Read more

BoG Cuts Policy Rate To 23.5%

The Monetary Policy Committee (MPC) of the Bank of Ghana has reduced the Monetary Policy Rate by 200 basis points to 23.5 percent. At the 75th regular MPC meeting, Governor of the central Bank Dr. Abdul-Nashiru Issahaku said headline inflation also declined for the fifth consecutive month in February 2017. Inflation fell from 17.2 percent … Read more