The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) is set to announce its decision on the policy rate, which will influence the cost of lending for the next two months.
The policy rate determines the interest rate at which banks lend to businesses and the private sector.
During its 121st and final meeting of 2024, the MPC maintained the policy rate at 27 percent ahead of the elections.
The Governor of the Bank of Ghana, Dr. Ernest Addison, stated that domestic macroeconomic conditions remain stable and that the implementation of the International Monetary Fund External Credit Facility (IMF-ECF) Programme is on track.
The 122nd meeting which is the first for 2025, brought together key stakeholders to review the current economic landscape, including inflation trends, exchange rate dynamics, and fiscal stability.
The Central Bank is expected to present the committee's conclusions, including decisions on the monetary policy rate and strategic measures aimed at ensuring macroeconomic stability and growth.
Watch the stream below:
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