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Tag Archives: Monetary Policy Committee

Declining inflation to trigger lower policy rate (Article)

inflation 2

Inflation fell sharply to 10.3% in January. Headline inflation surprised when it fell sharply in January to 10.3%; year on year from 11.8% in December. This was well below our expectations for a marginal increase to 11.9%, largely owing to base effects. The deceleration in inflation will have been positively received by the Bank of Ghana’s MPC, which was concerned ...

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BoG reduces policy rate again to 20%

Dr. Ernest Addison, Governor of the Bank of Ghana

The Bank of Ghana (BoG) has reduced the policy rate by 100 basis points from 21 percent to 20 percent. This was announced after the Monetary Policy Committee (MPC) finished its 79th meeting which is the final for 2017. This is the fourth reduction for this year by the Central Bank. By this, the policy rate has been reduced from ...

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