Ghana's central bank maintains 27% interest rate amid rising inflation and global uncertainties.
The Bank of Ghana has kept its policy rate at 27% following its first Monetary Policy Committee meeting of 2025. Despite global economic growth and low inflation, rising uncertainties due to trade protectionism and geopolitics pose risks. In Ghana, while economic activity improved, inflation rose to 23.8% in December 2024, driven by food prices. Total liquidity and broad money supply growth declined, but private sector credit continued to increase.
2 months ago
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