Tag: MPC
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Economist pushes for a reduction in policy rate
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.…
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MPC likely to maintain policy rate at 23.5% – GN Research
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),…
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Declining inflation, ‘stable’ cedi to signal drop in policy rate
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…
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Businesses lament over 25.5 % policy rate
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…
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MPC must reduce policy rate – Prof. Bokpin
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…
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Change in gov’t not to affect MPC decision – Prof. Bokpin
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…
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Interests on loans to drop if … – Nana Otuo Acheampong
Some financial analysts are anticipating that the Bank of Ghana (BoG) will sustain the decision to reduce further, its policy rate to ease access to credit to businesses. According to them, commercial banks will respond to calls for lower interest rates if the primary reference which is the policy rate, drops. “It is in the…
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‘Reduced’ policy rate not good for businesses – Economist
Economist, Dr. Lord Mensah has ruled out an immediate reaction from commercial banks following the reduction of the policy rate. Though he has lauded the Bank of Ghana (BoG)’s decision to reduce the rate, he describes the figure as marginal. According to Dr. Lord Mensah, businesses must therefore be guarded in their expectations of a…
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MPC to announce policy rate next Monday
The Monetary Policy Committee (MPC) of the Bank of Ghana will next week Monday, announce its policy rate for commercial banks in the country. The announcement will conclude the MPC’s 73rd regular meeting which starts this Friday, November 14. For the fourth consecutive time this year, the MPC kept the policy rate unchanged at 26…
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MPC announces policy rate today
The Monetary Policy Committee (MPC) of the Bank of Ghana will announce its policy rate today as it concludes its 72nd regular meeting for this year. Today (Monday)’s media briefing on the policy rate which will be addressed by the Governor of the central bank, Dr. Abdul Nasir Issahaku, is among other things expected to…