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BoG maintains policy rate at 29 percent

Investmenttimes
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As expected, the Monetary Policy Committee (MPC) of the Bank of Ghana has kept its key lending rate to banks at 29%. This means that the cost of borrowing will not change much in the next two and half months, as it averages 32.7% as of February 2024. Addressing the media, the Governor of the Bank of Ghana, Dr. Ernest Addison assured that the rate of inflation is under control, and therefore there is no need for further hikes to address it. "After decelerating sharply in 2023, the pace of disinflation has slowed in the first two months of the...
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