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Ghana central bank’s MPC split over rate decision, minutes show

Summary by WTVB
ACCRA (Reuters) -Two of the five members of the Ghana central bank’s Monetary Policy Committee (MPC) voted for its prime interest rate to be kept at 27% during the last meeting, at which the bank hiked the rate by 100 basis points to 28%, minutes showed on Wednesday. The split decision highlights diverging views within the Bank of Ghana’s MPC over how aggressively to tackle inflation. Announcing the surprise rate hike on Friday, governor Johnson…

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Ghana central bank’s MPC split over rate decision, minutes show

ACCRA (Reuters) -Two of the five members of the Ghana central bank’s Monetary Policy Committee (MPC) voted for its prime interest rate to be kept at 27% during the last meeting, at which the bank hiked the rate by 100 basis points to 28%, minutes showed on Wednesday. The split decision highlights diverging views within the Bank of Ghana’s MPC over how aggressively to tackle inflation. Announcing the surprise rate hike on Friday, governor Johnson…

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BloombergBloomberg
Lean Left

Ghana Inflation Slows to Five-Month Low After Steep Rate Hike

Ghana’s annual inflation rate fell to a five-month low, days after the central bank unexpectedly raised borrowing costs to cool price growth.

·United States
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News GhanaNews Ghana

Ghana Central Bank Raises Rate to 28% Amid Inflation Fight

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghana-central-bank-raises-rate-to-28-amid-inflation-fight/The Bank of Ghana has increased its benchmark interest rate to 28 percent while implementing new measures to tighten liquidity, as policymakers intensify efforts to curb persistent inflation in Africa’s second-largest gold producer. Governor Johnson Asiama announced the 100 basis point hike followi…

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News Ghana broke the news in on Wednesday, April 2, 2025.
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