On Monday, July 25, the Bank of Ghana’s Monetary Policy Committee (MPC) held its 107th press conference.
The MPC maintains the Policy Rate (PR) at 19%.
At the MPC press conference in Accra on Monday, July 25, Governor of the BoG Dr. Ernest Addison said that the rate would remain at 19 percent.
He explained that the decision was made to let the central bank continue to monitor how the earlier announced policy measures to address the economic issues will turn out.
The BoG Chief reported that the Committee has noted that the inflation rate has continued to rise.
