Ghana could cut interest rates early next year if inflation continues to drift lower, Dr Ernest Addison, central bank governor has said.
“I could easily see the policy rate going further down,” Dr Addison told Reuters on the sidelines of a banking conference.
Asked how soon the 17 percent rates could be cut, he added: “Our next meeting is in January and after that we have another meeting in March so in between now and March.”
Addison also said the central bank would look to push local money market traders to use electronic trading platforms more rather than do deals over the phone.
He said it was a measure that could help slow the recent fall in the country’s currency.
Source: Reuters
Akufo-Addo commissions Phase II of Kaleo solar power plant
NDC panics over Bawumia’s visit to Pope Francis
EC blasts Mahama over “false” claims on recruitment of Returning Officers
Lands Minister gives ultimatum to Future Global Resources to revamp Prestea/Bogo...
Wa Naa appeals to Akufo-Addo to audit state lands in Wa
Prof Opoku-Agyemang misunderstood Bawumia’s ‘driver mate’ analogy – Miracles Abo...
EU confident Ghana will not sign Anti-LGBTQI Bill
Suspend implementation of Planting for Food and Jobs for 2024 - Stakeholders
Tema West Municipal Assembly gets Ghana's First Female Aircraft Marshaller as ne...
Dumsor is affecting us double, release timetable – Disability Federation to ECG
