policy rate
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Average lending rate surges to 32.69% – BoG

November 27, 2023 Average lending rate surged to 32.69% in October 2023, data from the Bank of Ghana has revealed. This is equivalent to an average of 2.724% per month on loans charged by the banks According...

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November 27, 2023 / Comments (0)

Monetary policy rate held steady at 30%

September 26, 2023 The Bank of Ghana has maintained the monetary policy rate at 30 per cent after reviewing developments in the economy. This means that the lending rate in the country will remain steady. It...

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September 26, 2023 / Comments (0)

Monetary policy rate increased by 0.5% points from 29.5% to 30%

July 24, 2023 The Monetary Policy Committee has increased the monetary policy rate by 0.5 percentage points from 29.5 per cent to 30 per cent. The increase was due elevated risks to inflation driven by...

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July 24, 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)

BoG keeps policy rate unchanged at 29.5%; cost of loans to remain high

May 23, 2023 The Monetary Policy Committee (MPC) of the Bank of Ghana has kept its policy rate unchanged at 29.5%. It cited a slowdown in inflation as the main reason to the unchanged rate, which is the...

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May 23, 2023 / Comments (0)

BoG to continue with policy rate hikes to fast track inflation decline

May 10, 2023 The Bank of Ghana (BoG) has indicated that it may hike again the monetary policy rate to help bring inflation down faster. The Central Bank argued that “the current inflation rate remains...

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May 10, 2023 / Comments (0)

EIU forecasts 31.5% policy rate in 2023; Cost of loans to worsen

May 2, 2023 Cost of loans will worsen as the Economist Intelligence Unit is forecasting a 31.5% policy rate by the Bank by at the end of the year. This will subsequently increase the cost of living and...

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May 2, 2023 / Comments (0)

BoG to keep policy rate steady at 30.5% in 2024 – Fitch Solutions

April 4, 2023 Fitch Solutions has indicated that the Bank of Ghana will keep the policy rate on hold at 30.5% in 2024. This is coming after the Central Bank adjusted its key lending rate to banks at...

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April 4, 2023 / Comments (0)

BoG increases policy rate to 29.5%; loans to remain expensive

March 27, 2023 The Bank of Ghana has increased its policy rate by 150 basis points to 29.5% to help check the high inflation and any downside risks to the economy. This means the cost of credit will...

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March 27, 2023 / Comments (0)

Policy rate increases to 28%; cost of loans to surge

January 30, 2023 The Monetary Policy Rate of the Bank of Ghana has increased its policy rate – the rate at which it lends to commercial banks – by 100 basis points to 28%. Within a year, the rate has...

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January 30, 2023 / Comments (0)