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Adwenpa-Hene

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BoG Reduces Monetary Policy Rate To 29%

Dr. Ernest Kwamina Yedu Addison

The Bank of Ghana has lowered its Monetary Policy Rate by one percent. In effect, the rate that commercial banks use as a reference for lending has been reduced from 30 to 29 percent after six months. The rate has remained at 30 percent since July 2023 to keep inflation …

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