Ghana Set to Hold Key Rate to Hasten Disinflation
Ghana's central bank is set to continue its tight monetary policy stance to hasten the pace of disinflation toward its year-end target.
Governor Johnson Asiama will probably maintain the key interest rate at 28% when he delivers the monetary policy committee's decision shortly after 3 p.m. Accra time on Friday, according to economists polled by Bloomberg.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
7 hours ago
- Bloomberg
S. Africa Central Bank Sees ‘Amazing' Chance to Lower CPI Goal
South Africa's current low level of inflation is an unmissable chance to reduce the country's inflation target and lock in the benefits of tame price pressures and cheaper borrowing costs. 'There is a really amazing opportunity right now,' David Fowkes, a member of the South African Reserve Bank's monetary policy committee, told an audience on Tuesday in Soweto, south of Johannesburg. 'This is surely the best opportunity we're ever going to get.'
Bloomberg
8 hours ago
- Bloomberg
Fed's Cook Underscores Importance of Price Stability for Economy
Federal Reserve Governor Lisa Cook said she sees tariffs as potentially stoking inflation and weakening employment, yet underscored the importance of price stability when considering future interest-rate adjustments. 'As I consider the appropriate path of monetary policy, I will carefully consider how to balance our dual mandate, and I will take into account the fact that price stability is essential for achieving long periods of strong labor market conditions,' Cook said Tuesday in prepared remarks for an event organized by the Council on Foreign Relations in New York.
Bloomberg
9 hours ago
- Bloomberg
Bank of Ghana Plans to Cap Non-Performing Loan Ratio at 10% by December 2026
Ghana's central bank is planning to introduce a cap on non-performing loans for the banking industry to restore asset quality after the West African nation's debt restructuring and period of high inflation eroded individuals and companies' ability to repay their loans. The directive to be enforced by December 2026 will cap non-performing loans ratio at 10%, Bank of Ghana Governor Johnson Asiama said in the capital, Accra, Tuesday.
