Ghana's central bank cuts key lending rate by 100 basis points.

Ghana's central bank has cut its key lending rate by 100 basis points to 29%, reflecting easing inflation in the country. This is the first rate cut since 2021 and follows Ghana's struggle to steady its economy amid rising external debt, global interest rates, a strong dollar, and the economic impact of Russia's invasion of Ukraine. Ghana secured a deal with its official creditors to restructure $5.4 billion of loans earlier this month.

January 29, 2024
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