BoG reduces policy rate to 23.5%

Dr. Abdul Nashir Issahaku – BoG Governor

The Monetary Policy Committee of the Bank of Ghana has reduced the policy rate to 23.5 percent.

This represents a 200 basis point reduction from the previous figure; 25.5 percent.

Governor of the Central bank, Dr. Abdul Nashiru Issahaku disclosed this at the press briefing to conclude the second MPC meeting for 2017.

Dr Issahaku cited the declining inflation among others as reasons for the drop in the policy rate.

More soon…

By: Pius Amihere Eduku/Lawrence Segbefia/

Published on 27 March 2017 | 11:39 am at Source