The Monetary Policy Rate (MPR) is a key tool used by central banks to control inflation and influence the cost of borrowing in an economy. In Ghana, however, the evolution of the MPR since 1999 has revealed an intriguing correlation with political power shifts between the two major parties, NPP and NDC. This suggests that monetary policy not only influences the financial system but may also reflect broader political dynamics, particularly around election cycles and changes in government.

JoyNews' Isaac Kofi Agyei and Winston Tackie explore the fascinating linkage between Ghana's policy rate and presidential election outcomes.

Watch full analysis here on Beyond The Numbers on the JoyNews channel: