23/05/2017
The Bank of Ghana (BoG) has cut its benchmark interest rate by 100 basis points from 23.5 to 22.5 percent, citing a downward trend in inflation towards medium term targets. The BoG has set eight plus or minus two percentage points as its medium target and the central bank Governor, Dr Ernest Addison is confident that the downside risks to growth outweigh the upside risks to inflation in the outlook and therefore the decision to cut the policy rate.
》 The Bank of Ghana (BoG) has cut its benchmark interest rate by 100 basis points from 23.5 to 22.5...