The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate to 29.5 percent.
Addressing a press conference in Accra on Monday, March 27, Governor of the BoG Dr Ernest Addison said “To place the economy firmly on the path of stability, it is important that the monetary policy stance be tuned further to re-anchor inflation expectation towards the medium-term target.
“Given these considerations, the MPC decided to increase the Monetary Policy Rate by a 150 basis points to 29.5 percent.”
More soon…
By Laud Nartey|3news.com|Ghana
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