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Inflation rate increases sharply to 25.8% in March 2024
The Ghana Statistical Service (GSS) has announced that inflation for the month of March this year increased to 25.8%. This is up from 23.2% recorded in February 2024. Government statistician Professor Samuel Kobina Annim said at a press conference in Accra on Wednesday, April 10 that the non-food inflation went up by 22.6 percent while food […]
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BoG Maintains Monetary Policy Rate At 29%
Dr. Ernest Addison In a recent announcement, the Bank of Ghana (BoG) has decided to maintain its Monetary Policy Rate (MPR) at 29%. This move comes in response to a
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BoG maintains policy rate at 29%
The Bank of Ghana (BoG) has maintained its Monetary Policy Rate (MPR) at 29 per cent. This comes as the International Monetary Fund (IMF) warned Central Banks to be careful when cutting interest rates as looser monetary policy could push inflation up further. This is the first time the BOG is maintaining the rate in […]
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Ghana’s policy rate is one of the highest globally and can’t be justified – Economist
Ghana’s policy rate is one of the highest globally and can not be justified, therefore the Bank of Ghana (BoG) has a duty to slash it drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing […]
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Business
Policy Rate Drops To 29%
Dr. Ernest Addison The Monetary Policy Committee (MPC), of the Bank of Ghana has dropped its lending rate from 30% to 29% following a decline in inflation. The Governor
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Business
BoG Lowers Base Rate To 29% To Stimulate Economic Growth
Dr. Ernest Addison – Governor of Bank of Ghana The Bank of Ghana (BoG) has announced a significant reduction in its Monetary Policy Rate, also known as the base
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The post BoG Lowers Base Rate To 29% To Stimulate Economic Growth
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Prof. Kwesi Yankah writes: The comic festival of running mates
Ghana’s Constitution must be faulty, not leaving room for expressions of interest to be vice president; or a popular vote for the position. In the case of President, there is an application of sorts from interested presidential faces, which is eventually addressed to some 17 million voters of Ghana. On the voting day, ballots are […]
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