Policy rate Archives - Gambeta News

GHANA MAINTAINS POLICY RATE

Posted on January 23, 2018 by Gambeta News

Bank of Ghana maintains policy rate at 20% After the conclusion of the Monetary Policy Committee (MPC) meeting held yesterday (January 22, 2018) by Bank of Ghana, it was announced that Ghana’s central bank would maintain its policy rate of 20%. The Central Bank Governor, Dr Ernest Addison explained that the decision was reached to help keep inflation at a stable rate. He further added that a trend decline in the headline and core inflation allowed for a 550 basis…

MONETARY POLICY COMMITTEE MEETS TO REVIEW GHANA’S ECONOMY

Posted on January 22, 2018 by Gambeta News

Quarterly meeting held by Ghana’s Central Bank’s Committee on Monetary Policies to review the country’s economy. Bank of Ghana committee on monetary policies met on the 19th of January 2018 for its quarterly meetings to review Ghana’s economy. The meeting which is the first for this year will be concluded today 22nd January 2018, with the committee releasing the policy rate for the year. The Central Bank in 2017 alone reduced the policy rate by…

100 BASIS POINT CUT FOR BANK OF GHANA POLICY RATE

Posted on November 27, 2017 by Gambeta News

Central Bank of Ghana reduces policy rate from 25.5 to 20 percent After a meeting of Monetary Policy Committee of the Bank of Ghana, the Central Bank have cut its benchmark interest rate by 100 basis points to 20 percent. The policy rate which is the prime rate, at which the central bank lends to commercial banks, was previously at 25.5 percent. The Governor of the bank, Ernest Addison said the reduction was due to a drop in consumer…