Bank of Ghana Responds to High Inflation and Cedi Depreciation with a 300 Basis Point Increase in the Policy Rate
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) on August 17, 2022, decided to increase the policy rate by 300 basis points to 22%. The decision at the extraordinary MPC meeting follows last month’s decision to pause on the recent interest hikes. In the MPC press release, the committee attributed the policy […]
