The Monetary Policy Committee of the Bank of Ghana will Friday announce its decision on what the policy rate should be for the next few months.
The rate is one of the key factors that influences how much interest individuals or business pay when they take bank loans.
The expectation is that the rate will be reduced from the current 15 percent.
This is because of a promise by the Governor of the Central Bank who chairs the Monetary Policy Committee to continue to cut the rate if inflation continues to fall.
At its last meeting in April, the MPC factored into the policy rate the March inflation figure of 13.32 percent.
But inflation has since dropped to 9.52 for June.
Source: Joy Business/Myjoyonline.com/Ghana
- Akuapem Poloo granted ¢80k bail
- ECG releases ‘dumsor’ timetable; outages to begin May 10
- Murder suspect claims he mistook aeronautical engineer for a pig at Akyem Asuboa
- Akufo-Addo announces nominees for deputy ministerial positions, elevates Charles Adu-Boahen
- Kunbour mustn’t behave like a serial caller – Ade Coker
- Kasoa Opeikuma businessman killers arrested at Buduburam
- Contracts awarded to Zoomlion, Frontiers Healthcare Solution, others were in breach of procurement practices – Report
- Certify your Covid-19 Corruption Risk Assessment or we will use it as toilet paper – Ursula Owusu-Ekuful to CDA
- Kotoko to pay Maxwell Konadu $41,000 for breach of contract
- Ed Woodward resigns from Manchester United role
Aeronautic engineer was shot 12 times in the neck and chest; Family rejects account of 3 suspects
International Labour Organisation organizes workshop on how to raise funds for SMEs
George Floyd murder: Joe Biden says Derek Chauvin guilty verdict can be ‘moment of significant change’
Suspect who slit throat of girlfriend in Ho remanded in police custody
Eric Bonsu Agyabeng: Carnage on our roads – Tripod Beta perspective
Jerry Avornyotse: Traces of dictatorship creeping back to our democracy
George Floyd murder: Minneapolis police to face US federal probe
Police arrest 40 suspected criminals at Kasoa in Wednesday morning swoop
Build more gyms away from Accra – Bukom Banku to government
There is no scheme against Techiman City FC – Samuel Anim Addo
I will bridge communication gap between Finance Ministry and the public – John Kumah
Mark Okraku Mantey appointed Deputy Minister-designate for Tourism, Arts and Culture
Idriss Deby’s son named ‘president of the republic’
Teenager who filmed George Floyd’s death, posts emotional message following verdict
NCA to shut down 49 TV stations for operating without license