BoG maintains monetary policy rate at 29.5%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 29.5 percent.

This is the first time this year that the Central Bank is maintaining the key rate.

The monetary policy rate, which is of keen interest to businesses, signals the rate at which the Central Bank will lend to commercial banks.

Governor of the Central Bank, Dr. Ernest Addison, at a press briefing today, Monday May 22, 2023, explained that the stay of the rate is aimed at quickening the disinflation process.

Source: Ghana Business