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Bank of Ghana Unexpectedly hikes Policy Rate by 100 basis points to 26%
ACCRA, Ghana, Capital Markets in Africa — The Bank of Ghana (BoG) announced a hike in its benchmark policy rate from 25 per cent to 26 per cent following at the end of the 67th Monetary Policy Committee (MPC) meeting held on Friday 13 November 2015. The central bank Governor, Dr Henry Kofi Wampah, told a media briefing on Monday 16 November that the inflation stood at 17.4 per cent in October, unchanged from September…
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