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BOG keeps policy rate at 27% to tame currency and inflationary pressures

BOG keeps policy rate at 27% to tame currency and inflationary pressures

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 27%. Holding the policy rate steady after it was lowered from 29% in September 2024 is aimed at anchoring inflation expectations and curbing exchange rate volatilities. The decision was taken after the committee reviewed the current economic developments...