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

• 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.