POLICY RATE DROPS TO 22.5%

The Monetary Policy Committee of the Bank of Ghana (BoG) has reduced the policy rate from 23.5 per cent to 22.5 per cent.

According to the BoG, during the period under review, there was growth in economic activities in the country due to a booming private sector.

The central bank said on Monday, 22 May that: “The Committee noted that the pace of economic activity has picked up, driven mainly by growth in private sector credit, improved business sentiments, and easing credit stance.

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