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Ghana Central Bank Sees Scope for Further Interest-Rate Cuts
ACCRA (Capital Markets in Africa) – Ghana’s central bank has room for another interest-rate cut as early as next month, according to a member of the Monetary Policy Committee. Following an unexpected reduction in the key rate in January, further loosening in March “could be a possibility” if inflation trends downward, said Philip Abradu-Otoo, who is also the head of research at the Bank of Ghana. The central bank is “fairly confident that inflation will…
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