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BoG lowers policy rate from 18% to 15.5%

BoG lowers policy rate from 18% to 15.5%

The Bank of Ghana has announced a further reduction in its monetary policy rate, lowering it from 18% to 15.5%. This means that the cost of borrowing from commercial banks for businesses and households is expected to decrease. The 2.5 percentage point drop (250 basis points) marks a significant shift in the country’s monetary policy. [...]

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