Ghana has successfully raised 2 billion U.S. dollars in a double tranche Eurobond in the global capital market, the Ministry of Finance said Friday.Half of the proceeds (1 billion dollars) is a 10-year note at 7.625 percent while the other half (1 billion dollars) is Ghana's first ever 30-year issuance at 8.625 percent.
Ghana's central bank lowered its monetary policy rate by a further 200 basis points to 18.0 percent, saying inflation is continuing to decline amid moderate price pressures, and it is on course to meet the its inflation target within the forecast horizon.
(Xinhua) -- The Monetary Policy Committee of Ghana's central bank said here on Monday that it will maintain its benchmark policy rate at 20 percent.
Ghana's central bank lowered its monetary policy rate by another 100 basis points to 20.0 percent, saying economic activity remains strong, inflation expectations subdued and the exchange rate of the cedi stable but "slower private sector credit expansion and tightening credit stance on enterprises could dampen the growth momentum."
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