Ghana's MPC Votes for Policy Rate Cut Amid Middle East Concerns

Four members of Ghana's Monetary Policy Committee voted for a 150bps cut in the policy rate to 14%, with the majority expressing concern over the Middle East developments and their impact on the economy, particularly inflation.

25 Mar, 08:17 — 25 Mar, 08:17

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myjoyonlineMixed142d ago

4 MPC members voted for 150bps cut in policy rate to 14%

The majority of the members were worried about the impact of the developments in the Middle East and its impact on the economy, especially inflation. For instance, according to the submission made by one member of the MPC, there are some key downside risks to the forecast with respect to inflation due to the recent surge in international crude oil prices and their transmission to domestic ex-pump petroleum prices.

By Charles Nixon

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First report: myjoyonline · 25 Mar, 08:17|Full coverage: 2 · 3h|Window: 3h

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myjoyonline25 Mar, 08:17First to report

4 MPC members voted for 150bps cut in policy rate to 14%

3h later

naftemporiki25 Mar, 11:42Latest update

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Ghana's MPC Votes for Policy Rate Cut Amid Middle East Concerns

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4 MPC members voted for 150bps cut in policy rate to 14%

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4 MPC members voted for 150bps cut in policy rate to 14%

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