Given the balance of risks to prices and output growth and recognition of the improved economic environment, the Monetary Policy Committee has decided to reduce the Monetary Policy Rate by 50 basis points to 13 per cent. read more
Monetary Policy
MPC Reduces Policy Rate by 50 basis points to 13.0%
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Monetary Policy Committee to Meet in May 2011
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The Monetary Policy Committee of the Bank of Ghana will hold its 44th
Monetary Policy Framework
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Inflation targeting can be defined as a framework for the conduct of monetary policy, in which the central bank uses its instruments in order to drive inflation near a preannounced target.
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Rural Banks had been charged to educate the public about the challenges that the transition to the Ghana Cedi might bring in the implementation stage and to psychologically prepare the people for the operation.
Bank of Ghana cuts policy rate to 13%
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The Monitory Policy Committee of the Bank of Ghana has reduced the Policy Rate from 13.5 percent to 13 percent after previously maintaining it for three consecutive times.