This will be the second consecutive time the committee has maintained the policy in reflection with current macroeconomic indicators.
This will be the second consecutive time the committee has maintained the policy in reflection with stabilizing current macroeconomic indicators.
Announcing the Policy Rate on Monday, Governor of the Bank of Ghana, Dr. Henry Kofi Wampah said the risks from inflation and exchange appears to have stabilized, while risks from exchange rate still pose a challenge although minimal.
“ In all we find it necessary to maintain the policy rate at 26% in reflection of these indicators”, he said.
The Governor also mentioned energy stability as one of the main reasons of the monetary policy rate.
This is in line with expectations of industry players who spoke to Pulse Business. They expectated the policy rate to stay at 26 percent in line with stabilizing economic indicators.