Ghana's central bank holds interest rate at 29% for the third consecutive time due to inflation concerns.
Ghana's central bank holds interest rate at 29% amid inflation concerns, marking the third consecutive time. Economists are divided on whether the bank will extend the rate pause or cut borrowing cost. The battered cedi and private sector price pressures have clouded the outlook. The Bank of Ghana Governor, Dr. Ernest Addison, cited risks of inflation moving upwards as the reason for maintaining the rate.
July 26, 2024
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