- Central bank raises policy rate to 28% amid persistent price pressures
- Move signals renewed tightening stance as external risks mount
Accra, Ghana – Ghana’s central bank has raised its benchmark interest rate by 100 basis points to 28%, stepping up its fight against inflation and signalling a return to monetary tightening after holding rates steady earlier this year. The move, announced at the conclusion of the Monetary Policy Committee’s meeting, comes amid lingering inflationary pressures and concerns over global financial conditions.
More to follow.
