Market watchers are increasingly aligning with Fitch Solutions’ projection of a sharp reduction in the Monetary Policy Rate (MPR) at the Bank of Ghana’s next Monetary Policy Committee meeting in …
policy rate
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Economy and FinanceNews
Policy rate cut to spur job creation – Dr Ato Forson
by Adnan Adamsby Adnan AdamsGhana’s Finance Minister, Dr. Cassiel Ato Forson, has hailed the Bank of Ghana’s decision to cut the policy rate to 18%, the lowest since March 2022, as a “major milestone” …
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Economy and Finance
Analysts anticipate sharp policy rate cut as BoG’s MPC meets this week
by Adnan Adamsby Adnan AdamsThe Bank of Ghana’s Monetary Policy Committee (MPC) meets over three days, this week, from Monday, November 24 to Wednesday, November 26, with markets and businesses broadly expecting another significant …
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An Economist has raised concerns over the Bank of Ghana cut in policy rate by 350 basis points to 21.5 percent amid potential inflationary pressures. He posited that the central …
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Economy and FinanceNewsTechnology
BoG likely to tighten policy rate further
by Adnan Adamsby Adnan AdamsThe Federal Reserve last week increased the benchmark rate to its highest in 14 years. The bank hopes pushing up borrowing costs will cool the economy and bring down price …
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Investors may be compelled to sell their cedi holdings, if the MPC committee decides to hold the policy rate at 22 percent.
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Economy and FinanceNewsTechnology
Ghana’s policy rate of 19% second highest in Sub-Saharan Africa
by Adnan Adamsby Adnan AdamsGhana’s policy rate of 19% is the second highest in Sub-Saharan Africa after Angola, Fitch Solutions tracking of 20 countries in the region has revealed.