Ghana Holds Key Policy Rate at 14.5% to Support Economic Activity

Date:

The Bank of Ghana kept its interest rates unchanged at an eight-year low of 14.5% during its November meeting. Governor Ernest Addison said this while addressing the media today in Accra.

Thank you for reading this post, don't forget to subscribe!

The decision aims to continue supporting economic activity as it waits for the full impact of coronavirus measures to filter through the economy.

West Africa’s second largest economy, will be the key issue in the December 7 general elections when Akufo Addo takes on his predecessor John Dramani Mahami of the National Democratic Congress in a bid to renew his term for another four years.

Meantime, inflation eased for the third consecutive month to 10.1% in October and it is expected to return to within the bank’s 6-10 percent target by the second quarter of 2021

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

Peter Obi Spotted At Central Mosque To Break Fast For Ramadan

19,Mar,2024. Last night, Peter Obi joined almost 1000 people at...

Foundation to empower 4 graduates of Unilorin in agro-business

March 19, 2024. Azonuchechi Chukwu. The British American Tobacco Nigeria Foundation...

Troops rescues 16 kidnapped victims in Kaduna

March 19, 2024. Azonuchechi Chukwu. Troops of the Nigerian Army deployed...

IOM signs agreement with Japan to build 9 healthcare facilities in Adamawa

March 19, 2024. Azonuchechi Chukwu. The International Organization for Migration (IOM),...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading