Business News of 2014-02-03

BoG holds early MPC meeting to address cedi’s fall

The current challenges facing Ghana Cedis have forced the Bank of Ghana to hold their Monetary Policy Committee meeting earlier than scheduled date to review the health of the economy.

The Bank was expected to meet on February 17 and engage journalists on February 19.

But, the central bank has been meeting since last Friday to review measures already introduced and new once it is expecting to announce to stabilize the local currency.

Joy Business gathers that the change in date has been influenced by pressures on the Bank to come up with some innovative measures to stabilize the cedi.

Sources say the regulator now wants to engage journalists this Thursday after their meeting to announce new measures to help halt the cedi's free fall in value.

Source: myjoyonline.com
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