Tag Archives: monetary policy rate

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 …

The Institute of Economic Affairs (IEA) is asking the Monetary Policy Committee of the Bank of Ghana to increase the monetary policy rate by another 100 to 150 basis points to 20 or 20.5 percent.     pic.twitter.com/m9OvRBxzLG — My Ghana Media (@MyGhanamedia2) July 19, 2022   This is ahead …