Tag: BoG policy rate
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114th MPC meeting: Economic assessments begin amidst marginal inflation fall
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has commenced its regular meetings to review developments in the economy. This is the 114th meeting of the Committee and is expected to decide on steps to ensure financial and economic stability. Dominating the MPC meeting will be the policy rate decision aimed at…
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BoG assures of solvency in banking sector
Governor of the Bank of Ghana, Dr. Ernest Addison has assured that adequate measures have been put in place to ensure the solvency of banks in the country even as Ghana is in the final stages of its IMF negotiations. Ghana began formal negotiations for the extended credit facility with the IMF in September. The…
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Policy rate maintained at 14.5% for 4th consecutive time
The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate for the 4th consecutive time this year at 14.5 percent after a similar decision in May, July and September 2020. The rate is of keen interest to businesses, as it signals the rate at which the Central Bank will lend to…
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Bank of Ghana maintains policy rate at 14.5%
The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 14.5 percent after a similar decision in May this year. The rate is of keen interest to businesses, as it determines the rate at which the BoG lends to commercial banks, and subsequently influences interest rate on loans. The Governor…
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BoG to reduce policy rate further – Absa Research
Absa Research says it is anticipating that the Bank of Ghana will reduce its policy rate towards the end of the year in line with recent developments in the economy. Its projection is premised on the fact that inflation which refers to the general rise in the prices of goods and services will reduce in…