The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate to 28 percent.
This is up from the earlier rate of 27%.
This was announced by the governor of the BoG at the 110th MPC Press conference in Accra on Monday, January 30.
The upward adjustment reflects the increasing rate of inflation which hit a record high of 54.1% in December last year.
More soon…
By Laud Nartey|3news.com|Ghana
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