#GhanaCedis

Central Bank Of Ghana Rises MPR To Avert Cedi Depreciation Against US Dollar

Central Bank Of Ghana Rises MPR To Avert Cedi Depreciation Against US Dollar

Central Bank Of Ghana Rises MPR To Avert Cedi Depreciation Against US Dollar   In a bid to keep in check the extant inflationary pressures and freeze the depreciation of the cedi against the US dollar, the Bank of Ghana (BOG) has increased its monetary policy rate (MPR) from 19 percent to 22 percent   This decision of the country‚Äôs Central Bank was announced in a statement issued to the Media after its emergency monetary policy committee (MPC) meeting on Wednesday.     The monetary policy rate (MPR) is the baseline interest rate in an economy, every other interest rate…
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