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Ghana maintains high interest rate to stabilize economy, as inflation and currency strengthen.
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.
This move aims to stabilize the economy amid improving indicators, including a 2.3% rise in economic activity and record business and consumer confidence.
Ghana's reserves stand at $10.7 billion, and the cedi has strengthened against major currencies, bolstered by higher gold and cocoa exports.
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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Ghana mantiene una tasa de interés alta para estabilizar la economía, a medida que la inflación y la moneda se fortalecen.