Ghana's central bank cuts key interest rate from 29% to 27% due to declining inflation.

Ghana's central bank has cut its key interest rate from 29% to 27% following a consistent decline in inflation, which reached 20.4% in August, down from 25.8% in March. This marks the first reduction in eight months, coinciding with a significant economic growth of 6.9% in the second quarter. The Bank of Ghana aims to support further economic recovery and stabilize inflation, projecting it will ease towards a target range of 13-17% by year-end.

September 27, 2024
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