BoG cuts policy rate to 21%

July 24, 2017
Source: thebftonline.com/Ghana
BoG cuts policy rate to 21%

The Bank of Ghana has cut the monetary policy rate by 150 basis points from 22.5 to 21 percent.

Governor of Central Bank, Dr. Ernest Addison, announcing the new policy rate in Accra on Monday said the monetary policy rate transmission mechanism, which is expected to impact on cost of credit offered by commercial banks, will take time to manifest on the market.