Ghana’s 300bp rate cut is largest in its history
Governor signals further easing as inflation cools to lowest level since 2021
Ghana’s central bank yesterday (July 30) eased policy by 300 basis points to 25% – the largest rate cut in the country’s history – as inflation continued to fall.
Year-on-year headline inflation was 13.7% in June, down from 18.4% the previous month and the lowest level since December 2021.
In a statement, governor Johnson Asiama said the deceleration had been underpinned by the bank’s “tight monetary policy stance”, fiscal consolidation, an easing of constraints on food supplies and the strong
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