Bank of Ghana Keeps Benchmark Interest Rate Unchanged at 29%

Monday, 25 March 2024, 15:00

The Bank of Ghana opted to maintain the benchmark interest rate at 29% due to modest upside risks to inflation. This decision aligns with the expectations of most economists and indicates stability in the country's monetary policy.
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Bank of Ghana Keeps Benchmark Interest Rate Unchanged at 29%

Bank of Ghana's Decision on Interest Rates

The Bank of Ghana decided to keep its benchmark interest rate at 29% despite external factors.

Reasons for Maintaining the Rate

  • Stability: The decision was driven by a desire to maintain stability in the economy.
  • Risks to Inflation: Concerns about inflationary pressures influenced the choice.

The unanimous decision signals confidence in current economic conditions and the need for careful monitoring moving forward.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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