Ghana’s Central Bank Holds Interest Rates Steady at 29%
The Bank of Ghana left its benchmark interest rate unchanged, citing modest upside risks to inflation.
The monetary policy committee kept the rate at 29%, matching the median estimate of nine economists in a Bloomberg survey. The central bank in January lowered rates by 100 basis points, ending a prolonged policy tightening cycle that commenced in 2021 and lifted the benchmark from 13.5% to a 30% peak.