Ghana's Central Bank maintains interest rate at 29% due to inflation concerns and a declining cedi.
Ghana's Central Bank maintains its interest rate at 29% amid inflation concerns and a declining cedi. The Bank of Ghana's Monetary Policy Committee decided to keep rates unchanged due to an increase in foreign exchange demand and its impact on inflation. The cedi has depreciated by around 5% since the last rate cut in January, leading to uncertainty in Ghana's debt restructuring process.
March 24, 2024
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