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Tag Archives: MPC

Mixed expectations meet BoG’s policy rate decision

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There are mixed expectations ahead of the policy rate decision to be announced by the Bank of Ghana on Monday, September 25, 2017. The Monetary Policy Committee (MPC) of the central bank is set to announce a primary rate at which it will lend to commercial banks for onward lending to customers. Already, the rate has been reviewed downwards thrice ...

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Banks anxious of interest rate cut

Zenith Bank MD, Henry Oroh

Bankers are anticipating a reduction in the policy rate as the Bank of Ghana’s Monetary Policy Committee (MPC) meets to review the strength of Ghana’s economy, Friday September 22, 2017. The meeting will be concluded on Monday September 25, 2017 with a decision on the policy rate for commercial banks to comply with. The MPC is also expected to outline ...

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BoG reduces policy rate by 150 basis points

Governor of BoG, Dr. Ernest Addison

The Bank of Ghana has reduced its policy rate to 21 percent. The figure represents a 150 basis points reduction from the 22.5 percent. This is the third consecutive time that the policy rate has been reduced by the central bank. Governor of the Bank of Ghana, Dr. Ernest Addison who announced the new rate at a media briefing on ...

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Stable economy to push down interest rates – PEF

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The Private Enterprise Federation has lauded the move by the Bank of Ghana to reduce the MPC rate by 100 basis points although they admit that a further reduction would have had a greater impact on their businesses. The new figure (22.5%), was announced by the Governor, Dr. Ernest Addison after supervising his maiden Monetary Policy Committee(MPC) meeting on Monday, ...

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Economist pushes for a reduction in policy rate

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Ahead of the announcement of a new policy rate by the Bank of Ghana on Monday, some economists are predicting a further drop in the policy rate. Economist Professor Godfred Bokpin explains to Citi Business News, the reduction in interest payments due to the debt restructuring, should prompt a further drop in the policy rate. He also argues that the ...

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MPC likely to maintain policy rate at 23.5% – GN Research

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GN Research expects the Monetary Policy Committee (MPC) to keep the Monetary Policy Rate at 23.5%, due to a positive trend in inflation outlook, a stable currency, an improved investor confidence and the general positive outlook for the economy. The (MPC) of the central bank is set to announce a new Monetary Policy Rate (MPR), on Monday May 22, 2017, ...

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Declining inflation, ‘stable’ cedi to signal drop in policy rate

Economist Dr. Lord Mensah

Economists are highly expectant of a reduction in the policy rate by the Monetary Policy Committee (MPC) of the Bank of Ghana as the Committee prepares to announce its new rate next Monday. They cite the declining inflation, relative stability of the cedi and government’s pro business agenda as the basis for their claims. “Obviously looking at what is happening ...

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Businesses lament over 25.5 % policy rate

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Private sector businesses and economists want the Bank of Ghana to review its stance in pegging the policy rate at 25.5 percent in January 2017. They argue that the development is less likely to compel commercial banks to adjust their respective rates on loans and advances to customers. The Monetary Policy Committee of the central bank in its first meeting ...

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MPC must reduce policy rate – Prof. Bokpin

bank-of-ghana pic

Economist Professor Godfred Bokpin has impressed on the Bank of Ghana (BoG) on the need to reduce the policy rate even as the Monetary Policy Committee (MPC) announces a new rate today. Professor Bokpin explains to Citi Business News a decline in the policy rate by at least 200 basis points will relieve businesses of their current plight and reflect ...

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Change in gov’t not to affect MPC decision – Prof. Bokpin

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Economists have ruled out any significant impact of the change in government on the operations of the Monetary Policy Committee of the Bank of Ghana. It follows the commencement of the MPC’s first regular meeting for 2017 on Monday January 16th, 2017. Per the regulations governing the Central Bank, the Governor of the central bank is the Chairman of the ...

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