BoG increases policy rate to 22%; cost of borrowing to shoot up significantly

The Bank of Ghana has increased the policy rate by 300 basis points to 22%, after an Emergency Monetary Policy Committee meeting today, August 17th, 2022. The move is part of measures to address the risks to the inflation outlook. However, cost of borrowing is expected to go up significantly, and consequently increase cost of … Continue reading BoG increases policy rate to 22%; cost of borrowing to shoot up significantly