The Monetary Policy Committee (MPC) of the Bank of Ghana will commence its meetings to review developments in the economy from Monday, 7th July.
The meetings will end with a press conference which will be addressed by the Governor of the Bank of Ghana Dr. Henry Kofi Wampah on Wednesday, 9th July.
The meeting will also end with a decision on the appropriate positioning of the Bank’s Policy Rate which commercial banks use to determine their base rates.
Next week’s meeting is expected to focus on the economy proper as the previous meetings this year have mainly focused on the fast depreciating cedi and the implementation of new forex rules introduced by the bank of Ghana in February and subsequently the withdrawal of and revision of some of the rules.
By: Vivian Kai Mensah/citifmonline.com/Ghana