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BOG Governor Barclays expects no major shift in monetary policy direction

Dr. Issahaku was appointed Bank of Ghana Governor on April 4 by president John Mahama  following the early retirement of Henry Kofi Wampah.

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Dr. Abdul-Nashiru Issahaku play

Dr. Abdul-Nashiru Issahaku

 

Barclays Bank Ghana said on Wednesday it does not expect any major change in monetary policy direction of the Bank of Ghana (BOG) under new governor Dr. Abdul-Nashiru Issahaku.

READ MORE: Who is BoG new boss, Dr. Abdul-Nashiru Issahaku?

"We do do not expect any change in significant monetary policy direction of the central bank under Dr. Issahaku," Barclays Bank said in its fixed income market update.

Dr. Issahaku was appointed Bank of Ghana Governor on April 4 by president John Mahama  following the early retirement of Henry Kofi Wampah.

Barclays also noted that following the change in BOG leadership, the market has so far not been impacted with the cedi still trading on a strong foot at 3.8350/3.8475 on the back of local and offshore offers.

READ MORE: Financial players urge new governor to be strong

According to Barclays, it expect the cedi to continue trading in the front foot in the coming weeks in the range of 3.8300 to 3.8500.

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