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Business News of Monday, 27 May 2019


BoG’s Monetary Policy Committee keeps policy rate at 16%

The Monetary Policy Committee of the Bank of Ghana (BoG) has kept its policy rate unchanged.

The bank left its key lending rate to commercial banks at 16 per cent.

Speaking at a press conference on Monday, Governor of the Bank of Ghana Dr Ernest Addison said the central bank stands ready to respond appropriately depending on developments in the market.

This is the second time in this year that the Bank of Ghana has kept the rate after its first huge reduction for January this year.

More soon...