The Monetary Policy Committee of the Bank of Ghana will begin its 55th quarterly meeting from Monday May 13.
There are indications among analysts and market watchers that the Central Bank will maintain its Policy Rate at 15 percent.
This process is to cushion the Ghana cedi which has depreciated by about 3.4 percent against the dollar so far this year, as well as keeping inflation stable at a single digit.
The regulator maintained the policy rate at which it lends to commercial banks at 15 percent in February due to improved economic conditions on both the international and domestic fronts.
The governor of the Bank of Ghana, Henry Kofi Wampah has said that his outfit maintained the rate because risks to inflation and growth outlook remain fairly balanced.
|Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.|