policy rate
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Monetary Policy Committee cuts lending rate significantly to 27 percent

October 4, 2024 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has cut the rate at which it lends to commercial banks to 27 per cent from 29 per cent. Speaking at a News Conference a while...

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October 4, 2024 / Comments (0)

Fitch Solutions predicts 7% policy rate cut by BoG in 2025

August 7, 2024 Fitch Solutions forecasts that the Bank of Ghana’s Monetary Policy Committee (MPC) will reduce the policy rate by 7% in 2025. According to the agency, this reduction will be influenced by...

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August 7, 2024 / Comments (0)

BoG to cut policy rate to 27% by end-2024 – Fitch Solutions

August 6, 2024 Fitch Solutions has indicated that the Bank of Ghana (BoG) will cut its benchmark policy rate by 200 basis points (bps) to 27.00% by end-2024. This is higher than its earlier projection of...

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August 6, 2024 / Comments (0)

Bank of Ghana keeps Policy Rate at 29%

July 31, 2024 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate to be 29% marking the third consecutive time the policy rate of the Central Bank has been held...

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July 31, 2024 / Comments (0)

Monetary Policy Committee of BoG keeps policy rate at 29 percent

May 27, 2024 The Monetary Policy Committee of the Bank of Ghana (BoG) has kept the policy rate at 29 percent. Addressing the media, Governor of the BoG,  Dr. Ernest Addison noted that the committee...

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May 27, 2024 / Comments (0)

Monetary Policy Committee cuts policy rate to 29.0%

January 29, 2024 The Monetary Policy Committee of the Bank of Ghana (BoG) has cut its key lending rate to 29.0% from 30% in line with most analysts expectations. The Chairman of the committee, Dr. Ernest...

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January 29, 2024 / Comments (0)

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)

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)