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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:
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