Tag: Monetary Policy Rate
Business
Togbe Afede XIV disputes BoG’s justification for high monetary policy rate
The Agbogbomefia of the Asogli State, Togbe Afede XIV, has criticized the Bank of Ghana (BoG) for its decision to uphold a high monetary...
Business
BoG cut its Monetary Policy Rate to 29%
Bank of Ghana (BoG) has decided to reduce its Monetary Policy Rate by one percent.This adjustment brings the reference rate used by commercial...
Business
Bank of Ghana’s revised policy rate ridiculous – Ken Agyapong
Assin Central MP, Kennedy Agyapong, has described as “ridiculous” the Bank of Ghana’s revised monetary policy rate. On January 30, 2023, the Monetary Policy Committee...
Independent Africa
Kenya promotes a “one pub per town” policy to combat drunkenness
A one-pub-per-town order has been enforced by the Vice deputy president of Kenya's government officials in the middle part of the nation.Rigathi Gachagua also...
Business
BoG responds to Togbe Afede XIV’s remark on the high interest rate
In response to concerns highlighted by Togbe Afede regarding the composition of its monetary policy rate, the Bank of Ghana took action.More recently, the...
News
Loans to be more expensive as BoG revises policy rate to 27%
The Bank of Ghana's (BoG) Monetary Policy Committee (MPC) has raised the policy rate once again by 2.5 percentage points to 27%.This is the...
Business
BoG policy rate projected to increase by end of December 2022
By the end of this year's December, it's expected that the Bank of Ghana will announce an increase in the Monetary Policy Rate.Prior to...
Business
Interest rates and how they affect you
What are interest rates? The rate of return usually in relation to loans, deposits and other financial investments is usually known as the interest...
Business
Monetary policy rate now 24.5%; loans to become more expensive
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased its Monetary Policy Rate by 250 basis points to 24.5%.Addressing the...