MPC
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MPC keeps policy rate at 30%

November 29, 2023 The Monetary Policy Committee of the Bank of Ghana (BoG) has kept the Policy Rate at 30.0%. The Committee kept the rate at which it lends to commercial banks unchanged due to concerns about...

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November 29, 2023 / Comments (0)

MPC to hold policy rate steady at 29.50%; lending rates to remain unchanged

July 19, 2023 The Monetary Policy Committee is expected to hold the policy rate at 29.50%. According to GCB Capital, this will be in support of growth and economic activity as it expects the disinflation...

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July 19, 2023 / Comments (0)

MPC resets Cash Reserve Ratio on domestic currency deposits for banks to 14%

March 28, 2023 The Monetary Policy Committee (MPC) of the Bank of Ghana decided to reset the Cash Reserve Ratio on domestic currency deposits for banks from 12 per cent to 14 per cent. This takes effect...

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March 28, 2023 / Comments (0)

Consumer inflation up again, hits 33.9% in August

September 26, 2022 Consumer inflation further increased to 33.9 percent in August 2022 – signalling a reversal in the cool-off of inflation momentum and a 15th consecutive monthly increase. The rise...

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September 26, 2022 / Comments (0)

BoG to boost reserves by $500m

September 2, 2022 The Bank of Ghana (BoG) is confident of boosting its reserves by half a billion US dollars from miners, oil and gas-producing firms and other major exporters between now and December. The...

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September 2, 2022 / Comments (0)

BoG raises policy rate to 19%

May 26, 2022 The Monetary Policy Committee of the Bank of Ghana has raised the policy rate by 200 basis points to 19 percent. At a press briefing, the central bank said: “In sum, the Committee...

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May 26, 2022 / Comments (0)

Bank of Ghana increases policy rate to 17%

March 21, 2022 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate by 250 basis points to 17 percent. This is the first time the Central Bank has increased the key...

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March 21, 2022 / Comments (0)

Fuel price set to cross GH¢10 per litre

March 16, 2022 Fuel prices are set to cross the GH¢10 per litre mark this week after the depreciating cedi and rising crude oil prices sustained increments in ex-pump prices since November last year....

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March 16, 2022 / Comments (0)

Debt concerns, inflation push BoG to keep policy rate at 14.5%

February 1, 2022 The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 14.5 percent, citing elevated risk to inflation and debt sustainability challenges which have...

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February 1, 2022 / Comments (0)

Be patient with central banks in the Covid recovery process – IMF to policymakers

December 8, 2021 The International Monetary Fund (IMF) has urged policymakers around the globe to be patient with their central banks as they work to bring back inflation to the levels they were during the...

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December 8, 2021 / Comments (0)