Ghana under pressure from Fed hikes – governor Addison
US policy normalisation sends Ghana’s inflation into double figures while the currency falters
The monetary policy committee of the Bank of Ghana has left interest rates on hold this month, citing short-term pressure on emerging economies.
Ernest Addison, governor of the central bank, says the impact of policy normalisation in the US – resulting in a strengthened dollar and higher US yields – has continued to put pressure on emerging market assets.
“Global conditions are characterised by geopolitical tensions and uncertainties in the external environment,” Addison says. “There are also
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