Audio By Carbonatix
BoG’s unchanged policy rate of 28%, here is MPC Decision Statement
The Bank of Ghana kept its policy rate unchanged at 28% at its last sitting, with the aim of anchoring inflation.
The Monetary Policy Committee (MPC) headed by the Governor, Dr. Johnson Asiama, observed that the current level of inflation remains high relative to the medium-term target and will require maintaining the tight stance to reinforce the disinflation process.
The Committee also decided to amend the Dynamic Cash Reserve Ratio (CRR).
Accordingly, the CRR for all banks will now be maintained in their respective currencies. This means that foreign currency reserves are for foreign currency deposits and domestic currency reserves are for domestic currency deposits.
This policy measure will become effective on June 5, 2025.
Below is the MPC Statement:
Latest Stories
-
Sri Lankan monks arrested after 110kg of cannabis discovered in their luggage
11 seconds -
Russian fighters confirm withdrawal from northern Mali city after separatist attacks
57 seconds -
Ghana has launched its AI strategy, now comes the hard part: Execution
2 minutes -
EOCO Board orders Archer & Ndego to obey court injunction on $14.3m dispute
7 minutes -
GoldBod commits GH¢7.8m through its SIP across 73 life-changing support interventions
23 minutes -
Fidelity Bank launches Orange Inspire cohort 2 to empower creative entrepreneurs in partnership with ALX Ghana
27 minutes -
Mfantsipim at 150: Honouring the pioneers of Ghana’s secondary education
31 minutes -
UK R&B Star Mark Asari revives 90s vibe with Party 4 2
43 minutes -
Mahama shares Otumfuo’s values of tolerance and dialogue — Nana Oye
48 minutes -
“Stop the social media escapades and work” – Titus Glover to Ashanti Regional Minister
49 minutes -
‘It’s knee-jerk reaction’ – Titus Glover slams directive for GRIDCo CEO to step aside
51 minutes -
MUSIGA hosts 3rd authentic highlife nite to raise funds for AMWEF
57 minutes -
I am ready to settle my ex-wife – RNAQ
1 hour -
Performer describes locking eyes with Trump as they ducked for cover during shooting
1 hour -
‘It’s a bit too early to call for dumsor timetable’ – ECG PRO
1 hour