The Monetary Policy Committee (MPC) of Ghana's central bank has maintained its benchmark policy rate at 21 percent, Governor of the Bank of Ghana, Ernest Addison announced here on Monday.
The Bank of Ghana has finally increased the minimum capital requirement for commercial Banks to ¢400 million from ¢120 million.
Ghana's central bank cut its monetary policy rate by a further 150 basis points to 21.0 percent, saying the trend of disinflation is likely to continue until the end of the third quarter and expected stability in the exchange rate should help ensure price stability.
Ghana's central bank cut its Monetary Policy Rate (MPR) by another 100 basis points to 22.50 percent as inflation and inflation expectations are trending downwards and said it would take "necessary policy action to move headline inflation towards the medium term target."
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