policy rate
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BoG holds policy rate over stability concerns

July 22, 2019 The central bank has, for the third consecutive time, maintained the country’s policy rate – citing risks to macroeconomic stability brought on by increments in utility tariffs, subdued...

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July 22, 2019 / Comments (0)

BoG secures GH¢900m to sanitise microfinance sector

May 28, 2019 The Bank of Ghana (BoG) has received GH¢900 million to undertake a clean-up of the troubled microfinance sub-sector of the financial services industry. The move is part of cleaning up the...

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May 28, 2019 / Comments (0)

Bank of Ghana reduces policy rate to 16 percent

February 1, 2019 The Bank of Ghana on Monday reduced the policy rate to 16 percent representing a 100 basis points. In March, 2018, the Bank reduced its rate by 200 basis points from 20 percent to 18...

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February 1, 2019 / Comments (0)

Central bank stays policy rate on inflation scare

July 24, 2018 After inflation inched up for two consecutive months (May and June), the central bank has decided, at its latest monitoring policy meeting, to maintain its policy rate at 17percent, as a...

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July 24, 2018 / Comments (0)

BoG signals effects policy rate cut in less than 2 years

May 22, 2018 The Monetary Policy Committee (MPC) of the central bank has voted for the sixth time in under 18 months to reduce its policy rate, from 18 to 17 percent, after April’s inflation dropped...

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May 22, 2018 / Comments (0)