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BoG reduces policy rate to 13.5 per cent


BoG reduces policy rate to 13.5 per cent
June 1, 2021
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has cut the policy rate by 100 basis points from 14.5 to 13.5 per cent on the back of the recovery of the economy and easing of inflation pressures.
This is first time since November 2019, according to data by the website of the BoG, that the MPC has reduced the policy rate to 13.5 per cent.
Addressing the 100 MPC press confab in Accra yesterday, Dr Ernest Addison, said rebound in economic activity and easing of inflation pressures informed the decision of the Committee.
He said the improvement in the economic activities of the country necessitated the accommodative policy stance of the Committee. ....

Greater Accra , Ernest Addison , Monetary Policy Committee , Composite Index , Economic Activity , அதிகமானது அக்ரா , பண பாலிஸீ குழு , கலப்பு குறியீட்டு , பொருளாதார நடவடிக்கை ,

Ghana: Press focuses on slash in benchmark rate, others


Ghana-Press-Review
June 01, 2021
to
10:43
105
APA – Accra (Ghana)
The report that the Bank of Ghana has slashed its benchmark rate, the policy rate by 100 basis points, signalling a return to monetary easing after a year of tightening and the assurance by the European Union not to place a ban on the purchase of cocoa from Ghana because of child labour claims are some of the leading stories in the Ghanaian press on Tuesday.
The Graphic reports that the Bank of Ghana (BoG) has slashed its benchmark rate, the policy rate by 100 basis points (bps), signalling a return to monetary easing after a year of tightening. ....

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BoG reduces policy rate to 13.5%


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