Pulse.com.gh logo
Go


Bank of Ghana BOG to announce Monetary Policy Rate

This will be the second monetary policy announcement for the new governor of the Bank of Ghana, Dr. Abdul Nahir Issahaku, who personally assured Ghanaians that the inflation targets for 2016 would be achieved.

  • Published: , Refreshed:

Financial sector players expect the Monetary Policy Committee of the Central bank to take more decisive steps towards meeting government’s inflation target of 8 plus or minus 2 for 2016, as the Bank of Ghana gets ready to announce the latest monetary policy rate today, Monday, 18 July, 2016.

This will be the second monetary policy announcement for the new governor of the Bank of Ghana, Dr. Abdul Nahir Issahaku, who personally assured Ghanaians that the inflation targets for 2016 would be achieved.

READ MORE: Bank of Ghana Dr. Abdul Issahaku to deliver first monetary policy address on May 16

Currently, the inflation rate for the month of June stands at 18.7%, way off of the targets for 2016, looking at the fact that a half of the year is already gone.

Apart from the inflation rate, other issues to be addressed by the Governor of the Bank of Ghana, is the passage of the Depositors’ Protection Bill, and how it will help sanitize operations of non-banking financial institutions going forward, and general protection of customers.

Seeing as the monetary policy rate takes into account the performance of the local currency against other major currencies, the Governor of the Bank Ghana is expected to touch on the relative stability of the Ghana Cedi for the first half of the year, and how well it is likely to do in the next half of the 2016.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 How to create a verified PayPal account Learn how to create a verified...bullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 RADP Ringier Ghana educates CCIFG members on Digital Marketing...bullet
4 1D1F: Nana Addo commissions diaper making factory in Bortianorbullet
5 How to create an NGO in Ghana How to register and start an NGObullet
6 How to write a memo How to write a memo like a probullet
7 Police arrest 6 Menzgold customers trying to lock up...bullet
8 Menzgold suspends online trading; ask staff to go on leavebullet
9 10 banks in danger of not meeting BoG’s GH¢400m minimum...bullet
10 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet

Top Videos

1 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
2 Former Capital Bank staff grills pork for survivalbullet

Business

X
Advertisement