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31.01.2020 Business & Finance

BoG Keeps Policy Rate At 16% For The 6th Time Running

By News Desk
Dr. Ernest Addison
LISTEN JAN 31, 2020

Monetary Policy Committee of the Bank of Ghana (BoG) has maintained the policy rate unchanged at 16%.

This is the sixth time the policy rate has been maintained at 16% since last year.

Speaking to the media at a news conference Friday, the Governor of the Bank of Ghana, Dr Ernest Addison said the decision was as a result of some threats to the country's economic growth and inflation outlook.

He said the current appreciation of the cedi in the first month of this year had to do with some monetary intervention by the Bank of Ghana and improved supply of dollars in the economy.

More soon…

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