BoG to begin quarterly review of the economy

The Monetary Policy Committee of the Bank of Ghana (BoG) will on Monday commence the 53rd quarterly review of the Ghanaian economy.

The meeting is expected to end on Wednesday where the Bank of Ghana will announce the policy rate - at which it lends to commercial banks.

This is because inflation is expected to remain in the band of 10 and 11 percent while the depreciation of the Ghana Cedi could slow down.

Sampson Akligoh of Databank Research told XYZ Business News he was hopeful that the inflation rate would remain unchanged.

“Clearly you could say the inflation rate that’s stabilized; we expected the domestic harvest season will continue to have an ameliorating effect on the overall pricing and outlook especially in the manufacturing sector”, he said.

Already, analysts are projecting that interest rates will remain stable for the rest of the year.