The Bank of Ghana’s Monetary Policy Committee (MPC) has maintained the policy rate at 26% after the conclusion of its 71th regular meeting.
The Monetary Policy Committee of the central bank attributed the decision to decline in inflation which currently stands at 18.4%; stability in the cedi as well as reduction in ex-pump prices of petroleum products and utility prices.
The Governor of Bank of Ghana, Dr. Abdul-Nashiru Issahaku, at a news conference today, explained that the current economic indicators supported the policy rate being maintained at 26%
This is the fourth consecutive time the central bank has maintained the rate at 26 per cent
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