BoG maintains policy rate at 29.5%

The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 29.5 per cent.

Although inflation has seen a decline since the beginning of the year, the central bank maintained the rate due to global underlining uncertainties.

The policy rate is of keen interest to businesses, signals the rate at which the Central Bank will lend to commercial banks.

It also subsequently influences average lending rates on loans to individuals and businesses.

Source: graphic online