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. …
Read More »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 …
Read More »Richard Jakpa and his team raid the house of former BoG governor, Ernest Addison
Director of Special Operations at the National Security Secretariat, Richard Jakpa and his team have raided the residence of former Bank of Ghana Governor, Dr. Ernest Addison. The team of about 15 heavily armed men reportedly forcefully entered the former BoG house at Roman Ridge on Wednesday, 19th March, …
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