The Bank of Ghana maintains its interest rate at 27%, expecting inflation to target 6-10% by Q4 2025.

The Bank of Ghana has decided to keep its benchmark interest rate at 27%, citing improvements in the domestic economy and slower progress in reducing inflation. Governor Ernest Addison noted that inflation is expected to return to the target range of 6-10% by Q4 2025, pushed back from the previous forecast of Q3 2025. The decision aligns with expectations from three out of six economists surveyed by Bloomberg. Despite recent improvements, high food prices and currency pressures continue to challenge inflation control.

November 29, 2024
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