The Monetary Policy Committee of the Bank of Ghana will today announce its decision on what the policy rate should be for the next three months. The rate would usually be a key factor in interest rate determination. The MPC announcement usually comes after four days of deliberations. This time however, the MPC is briefing journalists after just two days. Meanwhile Analysts are of the view the Bank of Ghana may maintain the policy rate or possibly reduce it marginally. Businesses say they do not expect any reduction. The President of the West African Chamber of Commerce, Wilson Atta- Krofah said a significant change in the policy rate is not expected because of the seeming sustainable micro-economic stability. “Indeed we’ve seen a gradual reduction in the interest rates being charged by the commercial banks which is an indication that they themselves are confident that the economy is stabilising,” he said. The policy rate currently stands at 13 per cent after it was cut by 50 basis points at the MPC’s last meeting in May. Source: Joy Business/Ghana