Audio By Carbonatix
Sustaining the Ghana cedi’s appreciation witnessed over the past weeks would dominate meetings of the Monetary Policy Committee of the Bank of Ghana today.
The committee would be looking at measures that would help sustain the gains made by the cedi so far.
The Ghana cedi over the past weeks has appreciated against the dollar by some 22 percent, the biggest appreciation in recent times.
The Ghana cedi this morning traded among some commercial banks at around 3 Ghana cedis 46 pesewas (3.46p).
There are predictions it will drop to 2 Ghana cedis 70 pesewas (2.70p) by next month.
The committee will also review its policy rate which stands at 22 percent and is likely to influence interest charged on loans.
However some analysts Joy Business have spoken to say the rate is likely to be maintained.
Latest Stories
-
Prof Andrew Owusu unanimously elected to represent Africa on World Olympians Association leadership
24 minutes -
GPRTU arrest: ‘Not belonging to a union is not a crime’ – Martin Kpebu
27 minutes -
Ibrahim Sulemana completes loan return to Cagliari
42 minutes -
Prejudicial remarks against Ofori-Atta shameful, hypocritical – Frank Davies
44 minutes -
No law allows GPRTU to arrest drivers over fare disputes – Kennedy Osei Nyarko
45 minutes -
Update: Fire at Madina Zongo Junction successfully contained
50 minutes -
A Closer Look at a 21-Day Religious Fast
1 hour -
NPP’s Osei Nyarko condemns ‘high-handedness’ in crackdown on driver overcharging
2 hours -
Gwollu, Resistance, and Renewal: The living legacy of the Tanjia Musa Fire Festival
2 hours -
Ofori-Atta isn’t scared of criminal prosecution, he will come at the right time – Frank Davies
2 hours -
Firefighters battle blaze at Madina Market
2 hours -
“Metro Mass was in a sorry state, panting for breath when we took over” – MD Cezario Kale
2 hours -
Japan restarts world’s largest nuclear plant as Fukushima memories loom large
2 hours -
AG ‘extremely hopeful’ for Ofori-Atta’s return, acknowledges February 19 U.S. Court deadline
2 hours -
Ghana’s High Commissioner to UK engages tech innovator Danny Manu on potential Ghana projects
3 hours