ALL POSTS FILED UNDER: POLICY RATE
BoG increases policy rate to 29.5%
Add a CommentThe Bank of Ghana has increased its policy rate by 150 basis points to 29.5% to help check the high inflation and any downside risks to the economy. This means the cost of credit will continue to remain high, affecting … Read more →
BoG increases Policy Rate to 22%
Add a CommentThe Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has, at an emergency meeting held on Wednesday August 17, increased the Policy rate from 19 to 22 per cent. Governor of the BoG Dr Ernest Addison said recent … Read more →
Monetary policy committee cuts policy to 13.5%
Add a CommentThe Monetary Policy Committee (MPC) has cut its benchmark rate by 100 basis points to 13.5 per cent from 14.5, citing signs of economic recovery and the easing of inflation pressures. This is the first reduction since November 2019, according … Read more →
BoG maintains policy rate at 14.5%
Add a CommentThe Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 14.5 percent. Governor of the Bank of Ghana Dr Ernest Addison said at the MPC press conference in Accra on Monday, November 23 … Read more →
BoG keeps policy rate at 16%
Add a CommentAccording to the Central Bank, the decision was based on its Monetary Policy Committee’s assessment that risks to the inflation outlook were broadly balanced. Governor of the Bank of Ghana, Dr. Ernest Addison, made the announcement to journalists on Monday, … Read more →
BoG keeps policy rate at 17%
Add a CommentThe Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the Policy Rate at 17 per cent for the fourth consecutive time in 2018.The Governor of the BoG and Chairman of the MPC, Dr. Ernest Addison, told … Read more →
BoG cuts policy rate by 200 basis points
Add a CommentThe Bank of Ghana (BoG) has reduced the benchmark interest rate by 200 basis points to 18 per cent, the biggest drop since November 2014. The bank cited decline in prices, good growth prospects and a downward migration of money … Read more →
BoG reduces policy rate to 22.5%
Add a CommentThe Monetary Policy Committee of the Bank of Ghana has reduced the policy rate from 23.5% to 22.5%. The policy rate is indicative of the rate at which the Central Bank lends to Commercial banks. Per the new rate it … Read more →
MPC reduces policy rate to 23.5%; Biggest drop in almost 10yrs
Add a CommentThe Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has significantly reduced its key lending to commercial banks, the biggest cut in rate in almost 10 years. The Committee dropped the policy rate by 200 basis points to 23.5 percent. Speaking at a news conference Monday, Governor of the Central Bank, Dr. … Read more →
Bank of Ghana increases policy rate
Add a CommentLending rates of commercial banks are expected to go up after the Bank of Ghana (BoG) increased its policy rate from 25 to 26 percent. The increase in the policy rate, according to the bank, is to contain inflation, which … Read more →
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