Bank of Ghana maintains policy rate at 29 per cent
Graphic.com.gh Business News
The Bank of Ghana (BoG) has maintained its Monetary Policy Rate at 29 percent, citing a slightly elevated inflation profile on account of recent exchange rate pressures and adjustments in transportation fares.
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However, it said the projections showed that inflation would remain within the monetary policy consultation clause of 13 to 17% at the end of the year.
Dr Ernest Addison, Governor of the Central Bank made the announcements during a press briefing following the Bank’s 118th Monetary Policy Committee meeting in Accra on Monday.
credit: GNA