Ghana: BoG Reduces Policy Rate to 21 Percent

The Monetary Policy Committee has reduced the policy rate by 150 basis points to 21 per cent from 22.5 per cent, citing lower risk to inflation and growth.

"The disinflation process is still ongoing and this trend is likely to continue all through till the end of the third quarter," Dr Ernest Addison, the Governor of the Bank of Ghana, told a press conference.

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