BoG has maintained the same key lending rate for commercial banks.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Monetary Policy Committee of the Bank of Ghana (BoG) has kept its key lending rate to commercial banks unchanged.

It left the rate at 27.0% after meeting to review developments in the economy over the past two months.

Speaking at press conference, Governor of the Bank of Ghana Dr. Ernest Addison said challenges of inflation is under control, hence the need to hold the rate at 27.0%.

He announced that the bank’s latest inflation forecast shows a steady decline and return to the path of disinflation, with an extended time horizon of achieving the medium term target of 8±2 percent.

Source: newsthemegh.com