Audio By Carbonatix
The Monetary Policy Committee of the Bank of Ghana has kept its policy rate unchanged.
The Committee left its key lending rate at 26 percent. Announcing this at a press briefing with journalist, Governor of the Bank of Ghana, Dr. Kofi Wampah said this decision was based on a positive outlook for inflation rate and growth in the coming months.
The governor also added that Fiscal consolidation is on track, which informed their decision to keep the rate unchanged.
On the Ghana cedi, the governor noted that the Bank of Ghana stands ready to quickly institute additional measures to prevent the cedi from depreciating to levels that could be described as worrying.
Meanwhile the governor has noted that, there might be the need to up the capital requirements of commercial banks especially for those who are facing liquidity challenges.
Latest Stories
-
Mahama’s proposed airline looks to South America, Caribbean as Ghana confronts mounting drug trafficking cases
5 minutes -
5% progress on Suame Interchange Phase One inadequate – Roads Minister tasks contractor to speed up work
8 minutes -
Photos: Vice President joins GAAS Awards to celebrate outstanding women leaders
9 minutes -
OSP vs Ken Ofori-Atta, SML and others: Court gives OSP four more weeks to serve Ofori-Atta with summons
11 minutes -
High Commission sends caution to Ghanaians in South Africa ahead of planned protests
13 minutes -
Okai Mintah outlines vision for NDC Youth Wing as he engages MMDCEs
19 minutes -
Mahama Ayariga leads renewed push for stronger local governance through partnerships
23 minutes -
NDC youth organiser aspirant Okai Mintah consults MMDCEs ahead of elections
24 minutes -
PHOTOS: Ayikuma Methodist Basic School wins National Juniors Challenge
26 minutes -
Silence has entered our homes : Salomey Awiti Bafoh and the chilling effect of free expression in Ghana
27 minutes -
UG Pro-VC calls for stronger research funding to curb brain drain
29 minutes -
Woman in critical condition after shooting at funeral grounds in Yeji
31 minutes -
Breast Cancer awareness must lead to action – Deputy Health Minister
33 minutes -
UK identified as leading destination for Ghana’s illicit cannabis exports – Report
35 minutes -
Drug money allegedly finances Ghana’s political parties and real estate – Global Organised Crime Index
40 minutes