Tag Archives: BoG

BoG has no fixed Cedi target – Governor explains currency strength

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has clarified that the central bank does not operate with a predetermined exchange rate target for the Ghana cedi, despite the local currency’s recent appreciation. Speaking at a press conference following the latest Monetary Policy Committee (MPC) meeting, Dr. …

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BoG increases policy rate to 28%

  The Bank of Ghana has increased its policy rate by 28% to re-anchor the disinflation process. “And so by majority decision the committee decided to raise the monetary policy rate by 100 basis point to 28% and this is meant to re-anchor the disinflation process. As inflation becomes family …

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