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The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the Policy Rate by 250 basis point to 24.5%.
This is the highest policy rate increase since 2017.
The rate hike means it will become more expensive to borrow from the banks, a situation that will push the cost of living and doing business in the country further up.
Tonight, the business edition of PM Express will analyse the impact of the decision by the MPC on the economy and Ghanaian businesses.
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