policy rate
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BoG cuts policy rate to 13.5%, first time since March 2020

June 1, 2021 In its quest to foster economic growth and ensure financial stability in response to developments on the local and external front, the Monetary Policy Committee, MPC, of the Bank of Ghana,...

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June 1, 2021 / Comments (0)

BoG keeps policy rate at 14.5% for second consecutive time this year

March 22, 2021 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has kept the Policy Rate at 14.5 percent for the second consecutive time this year. The policy rate is the rate at which the...

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March 22, 2021 / Comments (0)

Gov’t baits bond market investors with static policy rate

November 24, 2020 Fiscal rule to be suspended for three years The Monetary Policy Committee (MPC) of the central bank has, for the fourth consecutive time, maintained the policy rate, saying, any slight cut...

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November 24, 2020 / Comments (0)

Bank of Ghana maintains policy rate for 3rd consecutive time at 14.5%

September 29, 2020 The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 14.5 percent after a similar decision in May and July of this year. This makes it the third consecutive...

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September 29, 2020 / Comments (0)

Bank of Ghana keeps policy rate at 14.5 percent amid COVID-19

May 18, 2020 The Monetary Policy Committee (MPC) of the Bank of Ghana, has maintained the policy rate at 14.5 percent. This is the first time the rate has been kept unchanged after it was reduced by...

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May 18, 2020 / Comments (0)

Subsidy on utilities will ease inflation surge – Databank Research

May 15, 2020 Despite inflation surging to double digits in April as a result of a spike in demand for food and other essentials in anticipation of the lockdown announcement, Databank Research says there...

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May 15, 2020 / Comments (0)

Bank of Ghana cuts policy rate by 150 basis points over Coronavirus [COVID-19]

March 19, 2020 The Bank of Ghana has reduced its benchmark policy rate by 150 basis points as its first response to the strain that the Coronavirus disease (COVID-19) is imposing on the economy. The...

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March 19, 2020 / Comments (0)

Inflation drops to two-month low …hits 7.8% in January

February 13, 2020 The general price level of goods and services has seen a marginal decline ever since it recorded its highest figure after the Ghana Statistical Service (GSS) started applying the new series...

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February 13, 2020 / Comments (0)

Except NIB, all 5 GAT banks now fully capitalised…..Policy rate again maintained at 16%

September 24, 2019 With exception of the National Investment Bank (NIB), all banks operating in the country have now met the GH¢400million capitalisation as the banks under government’s bail-out plan have...

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September 24, 2019 / Comments (0)

Record low inflation won’t cut policy rate

September 20, 2019 Despite data from the Ghana Statistical Service (GSS) showing that inflation has hit a record low after rebasing, breaking a 27-year record, it will not be enough grounds for the Monetary...

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September 20, 2019 / Comments (0)