Bank of Ghana surprises with 100 basis point policy rate cut
Central bank unexpectedly cut its benchmark interest rate to the lowest in more than nine years to support the recovery of the economy
31 May 2021 - 17:02
Accra — Ghana’s central bank unexpectedly cut its benchmark interest rate to the lowest in more than nine years to support the recovery of the economy.
The monetary policy committee reduced the rate to 13.5% from 14.5%, Governor Ernest Addison told reporters on Monday in Accra, the capital. All four economists in a Bloomberg survey expected the rate to remain unchanged...
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