BoG Set to Cut Rates, but Cautiously, IC Research Says

BoG Cuts Policy Rate To 14% Amid Falling Inflation

Dr. Johnson Asiama   The Monetary Policy Committee (MPC) has reduced the policy rate by 150 basis points to 14 percent, citing easing inflationary pressures, strong macroeconomic performance, and high interest rates. The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama who announced this at a press conference at the end of its end of its 129th MPC meeting at the Bank Square in Accra yesterday said upside risks to the inflation profile, fa…

BoG lowers rate to 14% on stronger macro backdrop

By Joshua Worlasi AMLANU The Bank of Ghana cut its benchmark interest rate by 150 basis points to 14 percent from 15.5 percent, citing sustained disinflation, improving domestic macroeconomic conditions and elevated real interest rates. Nonetheless, the bank warns that rising oil prices and geopolitical tensions could pose risks to the inflation outlook. The decision, taken at the 129th Monetary Policy Committee (MPC) meeting held from March 16–…

BoG Set to Cut Rates, but Cautiously, IC Research Says

NewsGhana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bog-set-to-cut-rates-but-cautiously-ic-research-says/Policy research firm IC Research has projected that the Bank of Ghana (BoG) will reduce its benchmark interest rate by between 100 and 200 basis points at the conclusion of the 129th Monetary Policy Committee (MPC) meeting on Wednesday, March 18, with the firm placing its strongest expectation on a 1…

Ghana Faces Inflation Crossroads as Middle East Tensions Cloud Rate Cut Path - TV360 Nigeria

Rising oil prices threaten disinflation gains, even as gold boom offers a cushion ahead of key policy decision… Ghana’s battle to tame inflation is entering a more uncertain phase, with fresh global tensions threatening to disrupt recent economic progress just as policymakers prepare for a crucial interest rate decision. Ahead of its March 18 meeting, the Bank of Ghana is facing a delicate balancing act: sustain its easing cycle or respond to ne…

Middle East tensions threaten Ghana’s fuel prices despite stable cedi

By: Sarah Baafi Ghana could face rising fuel prices and inflationary pressure as tensions in the Middle East escalate, even though the country’s currency remains relatively stable. Speaking on GTV’s breakfast show, Member of Parliament for Twifo-Atii Morkwaa, David T. D. Vondee, said the global conflict, particularly involving major powers like the United States of America and oil-producing nations such as Iraq, poses a serious threat to economi…