The monetary policy committee of the Bank of Ghana has maintained the policy rate for the second time at 16%.
Governor of the central bank, Dr. Ernest Addison attributed the decision to threats posed by energy related debt and weak inflation outlook triggered by exchange rate volatility.
The bank’s key lending rate to commercial banks was first reduced from 17 per cent to 16 per cent on January 28 this year. The rate was maintained on April 1.
source: tradingeconomics.com
More soon
Source: 3news.com | Ghana
The post BoG maintains policy rate for the second time at 16% appeared first on 3news.
Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS