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BoG orders banks to align interest rate with policy rate – Starr Fm

The Bank of Ghana (BoG) has ordered commercial banks in the country to reduce their interest rates in tandem with the recent reduction of the policy rate. The Monetary Policy Committee of the Central bank in May announced the reduction of the policy rate from 23.5% to 22.5%. It …

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BoG reduces policy rate to 23.5% – Starr Fm

The Bank of Ghana (BoG) has announced a reduction in the policy rate to 23.5 percent. This is by 200 basis point, according to the governor of the Bank of Ghana, Dr. Abdul Nashiru Issahaku after the conclusion of its 75th regular Monetary Policy Committee meeting. Addressing a press …

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BoG retains policy rate at 25.5%

The Bank of Ghana (BoG) has retained its policy rate at 25.5%. This is due to the fact that the Central Bank views the “risks to inflation and growth as balanced” its governor, Dr. Abdul-Nashiru Issahaku said Monday at a press briefing. He said inflation continues to ease, closing the …

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Policy rate likely to remain at 25.5%

There are high expectations the Monetary Policy Committee of the Bank  of Ghana will maintain its policy rate at 25.5 percent today. The Policy rate is indicative of the rate at which the Central Bank lends to commercial banks. The committee has since Friday been meeting to review development …

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