Four more African central banks raise rates

Bank of Ghana
The Bank of Ghana
Natsubee

Ghana: The Bank of Ghana’s monetary policy committee added 250 basis points to the policy rate on October 6. The decision brings the headline rate to 24.5%, the highest figure since 2017.

Ghana faces economic difficulties on several fronts, including a weakening currency, spiralling prices, dwindling reserves, a large fiscal deficit and a heavy sovereign debt load. The Ghanaian government requested a financing package from the International Monetary Fund, in early July.

Since last November

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: