Search

Ghana Maintains Hawkish Stance as Central Bank Lifts Policy Rate to 28%

Subscriber only Subscriber only
Allen dreyfus Logo
© Allen Dreyfus
  • Monetary tightening continues amid persistent inflation
  • Liquidity pressures and fiscal expansion cited as key drivers

Accra, Ghana – Ghana’s central bank raised its benchmark policy rate by 100 basis points to 28% following the Monetary Policy Committee’s 123rd regular meeting on March 28, extending its tightening cycle in a bid to curb persistent inflation and safeguard financial stability.

You need an active subscription to continue reading this article.

Recent Business

Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
Ghana cuts rates to 21.5% as inflation slows to four-year low
Read More »
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
South Africa’s mining rebounds 4.4% in July on iron ore, PGMs
Read More »
Addis Ababa, Ethiopia. Photo by Daniel Emale @ Unsplash
Ethiopia secures AfDB grant to boost capital market reforms
Read More »

Recent Politics

Steel factory. Photo by Peter Herrmann @ Unsplash
Nigeria’s steel dreams still idle after billions spent
Read More »
Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
Read More »
Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »

Latest Posts

Latest news insights