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flag Ghana maintains high interest rate to stabilize economy, as inflation and currency strengthen.

flag The Bank of Ghana (BoG) has maintained its interest rate at 28% and amended its cash reserve ratio, requiring banks to hold reserves in the same currency as deposits. flag This move aims to stabilize the economy amid improving indicators, including a 2.3% rise in economic activity and record business and consumer confidence. flag Ghana's reserves stand at $10.7 billion, and the cedi has strengthened against major currencies, bolstered by higher gold and cocoa exports. flag Inflation is expected to ease from 22.9% in 2024 to 18.8% in 2025 due to lower global oil prices.

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