Ghana Leaves Key Rate Steady as Policy Makers Seek Stable Cedi
- Growth in consumer prices slowed to 15.4% in December
- Ghana’s central bank cut ley lending rate in November
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Ghana’s central bank unexpectedly kept its benchmark rate unchanged as it balanced the risks to inflation and economic growth.
The Bank of Ghana’s Monetary Policy Committee left the rate at 25.5 percent, Governor Abdul Nashiru Issahaku told reporters Monday in the capital, Accra. Only two of six economists in a Bloomberg survey said the central bank would keep borrowing costs unchanged, while the remaining four predicted a rate cut of 50 to 150 basis points.