Ghanaian MPC holds rates while Guinea opts for 50bp rise

Bank of Ghana
The Bank of Ghana

The Bank of Ghana held its policy rate at 30% at its September monetary policy meeting, governor Ernest Addison announced on September 25.

Year-on-year headline inflation fell between July and August 2023, from 43.1% to 40.1%, the first fall since April, after peaking at 54.1% in December. The central bank’s inflation target is 8%, with a two percentage point tolerance band in either direction.

Since November 2021, the Bank of Ghana has more than doubled its headline rate from 13.5% to its

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