Bank of Ghana holds policy rate at 28% as inflation eases to 18.5%
The Bank of Ghana's Monetary Policy Committee has held the benchmark policy rate at 28 per cent, citing easing inflation and exchange rate stability.
The Bank of Ghana's Monetary Policy Committee (MPC) has held the benchmark policy rate at 28 per cent for the third consecutive meeting, citing easing inflationary pressures and a more stable exchange rate.
Governor Dr. Ernest Addison said headline inflation had declined to 18.5 per cent in February from a peak of 54.1 per cent in December 2022.
The cedi has stabilised at approximately GH¢14.2 to the US dollar — a significant improvement from its historic low.
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