Ghanaian MPC holds rates while Guinea opts for 50bp rise
Addison says Ghana’s growth will outstrip IMF forecast but reserves remain extremely low
The Bank of Ghana held its policy rate at 30% at its September monetary policy meeting, governor Ernest Addison announced on September 25.
Year-on-year headline inflation fell between July and August 2023, from 43.1% to 40.1%, the first fall since April, after peaking at 54.1% in December. The central bank’s inflation target is 8%, with a two percentage point tolerance band in either direction.
Since November 2021, the Bank of Ghana has more than doubled its headline rate from 13.5% to its
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