Interest rate pass-through in Ghana protracted: IMF paper
An International Monetary Fund paper published on Wednesday finds that asymmetries in Ghana's wholesale market are due to protracted and incomplete interest rate pass-through and weak policy credibility.
Arto Kovanen, the paper's author, uses time-series and bank-specific data to analyse interest rate pass-through in Ghana and highlight linkages between policy, wholesale market interest rates and retail market interest rates. The author examines this interest rate pass-through in the context of
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