24Sep

Bank Of Ghana Maintains Policy Rate At 17%

The Bank of Ghana (BoG) has announced that the policy rate will remain unchanged at 17 percent while it continues to monitor potential threats to the inflation outlook in the coming months.

The Governor of the Central Bank, Dr Ernest Addison addressing reporters Monday in Accra said the decision to maintain the policy rate will help cushion any effect from fuel price increases on the world markets and a potential trade war between the United States of America and China.

The BoG also announced that the next Monetary Policy Committee (MPC) meeting has been scheduled for between November 21-23, 2018.

Source: Grapphic.com.gh

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FRED PENTECOST

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