Bank of Ghana - Annual Report 2006

Monetary policy continued to focus on achieving single digit inflation in 2006 following a rise in global oil costs and a full de-regulation of petroleum prices in the domestic market.

The central bank failed to meet its target with recorded inflation for the year reaching a little more than 10%.

The last quarter of the year also saw the redenomination of the cedi, which took effect in August 2007, where 10,000 cedis became equivalent to one Ghana cedi.

To read the report, click here

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