The monetary policy committee (MPC) of the Bank of Ghana (BoG) has kept the policy rate unchanged at 14.5%
Speaking at a press conference in Accra on Monday (23 November), Ernest Addison, Governor of the Bank of Ghana said underlying inflation and inflation expectation are easing.
He said the performance of the banking sector remains strong. “The sector recorded strong growth in deposits and investments and solvency indicators were significantly higher than regulatory thresholds. Pandemic tail risks, that is, pandemic-related impact on non-performing loans, would require continuous supervisory vigilance.”
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