Tag Archives: Interest rates

Interest rates inched up to 33% to reflect surging inflation and the rapid depreciation of the cedi.   The increase in interest rates is however lower than the current inflation of 37.2% and the rate of cedi depreciation which is more than 50%. This means the real rate of return …

The Monetary Policy Committee of the Bank of Ghana has increased the policy rate – the rate at which it lends to commercial banks – by 2.5% per cent to 17%. This is the first time since November 2018 that the rate has gone up so high. The decision is …