Ghana under pressure from Fed hikes – governor Addison

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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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