Cost of credit to further go up as Bank of Ghana raises policy rate to 22%
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate by 300 basis points to 22%. The increase in the key rate follows an emergency Monetary Policy Committee (MPC) meeting held by the Central Bank on August 17, 2022. It also comes at a time when the country is […]
Cedi hits ¢10 to a dollar; BoG measures may halt depreciation in short-term
The Ghana cedi has hit the ¢10 mark as it traded at ¢10.01 in the retail market yesterday August 15th, 2022. At the same time, the cedi went for ¢10 to a euro. The cedi’s situation has become a major worry to businesses and household consumers, as its continuous depreciation is expected to be halted […]
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