Browsing: Monetary Policy Rate

Ghana’s banking sector is preparing to lower both lending and deposit rates after the Bank of Ghana delivered a second…

A renowned economist has raised concerns over the Bank of Ghana’s cut in its Monetary Policy Rate by 350 basis…

This means that cost of credit to households and the private sector would rise steadily in the next couple of months.

The Monetary Policy Committee, (MPC) will from this week begin to review the health of the economy and also announce a new policy rate for the next couple of months. But there strong indication that the BoG would hike the policy rate further in attempt to anchor inflation.

Ghana’s policy rate of 19% is the second highest in Sub-Saharan Africa after Angola, Fitch Solutions tracking of 20 countries in the region has revealed.

Development Finance Institutions across Africa have been tasked to beef up efforts to enhance credit rating positions to attract more global investments.