Ghana Holds Interest Rate At 14 Percent As Inflation Risks Rise

Ghana Holds Interest Rate At 14 Percent As Inflation Risks Rise

Ghana's central bank kept its benchmark interest rate at 14% for a third straight meeting as policymakers weighed rising inflation against economic growth. The Monetary Policy Committee voted unanimously to hold the rate after its September meeting, as expected by economists.

Economy strong despite global headwinds – Governor

The Bank of Ghana (BoG) has maintained its Monetary Policy Rate (MPR) at 14 per cent, citing resilient domestic economic activity and a broadly balanced outlook for inflation and growth. The members of the Monetary Policy Committee (MPC) unanimously voted for the policy rate to be maintained at 14 per cent. The Governor of the …