The Bank of Ghana has maintained the policy rate at 17%.
The decision was arrived at after the central bank’s Monetary Policy Committee meeting on Monday, July 23, 2018.
This is the first time the rate has been maintained after it was reduced by 300 basis points early this year.
In March, the policy rate was reduced by 200 basis points from 20 to 18 percent.
The rate was again reduced by 100 basis points; from 18 to 17 percent.
The Governor of the Bank of Ghana, Dr. Ernest Addison disclosed the latest figure at a media engagement on Monday.
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By: Lawrence Segbefia/citibusinessnews.com/Ghana