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3232Latest Ghana Benchmark Rate Hike the Largest on Record — President Promises Action Against ‘Unacceptable Depreciation of the Cedi’
https://www.digit.info/latest-ghana-benchmark-rate-hike-the-largest-on-record-president-promises-action-against-unacceptable-depreciation-of-the-cedi/
Tue, 23 Aug 2022 09:30:46 +0000https://www.digit.info/2022/08/23/latest-ghana-benchmark-rate-hike-the-largest-on-record-president-promises-action-against-unacceptable-depreciation-of-the-cedi/Read more]]>After seeing Ghana’s inflation rate surge to 31.7% in July, the Bank of Ghana responded by hiking the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it will gradually raise banks’ primary reserve requirements. One expert has said President Nana Akufo-Addo must trim the size of […]
After seeing Ghana’s inflation rate surge to 31.7% in July, the Bank of Ghana responded by hiking the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it will gradually raise banks’ primary reserve requirements. One expert has said President Nana Akufo-Addo must trim the size of […]