BoG increases policy rate to 25%

    Dr. Henry Wampah Governor of Bank of Ghana addressing-the-news conference.
    The Monetary Policy Committee of the Bank of Ghana, has increased the policy rate from 24 percent to 25 percent as a measure of bringing back inflation within its target. From 16.9 percent in May, the CPI inflation increased sharply to 17.9 percent in July, mainly reflecting the upward adjustment in petroleum and transport prices. […]