Ghana Daily Inter-bank Rate: BoG Monetary Policy Committee Meeting in Session
The Bank of Ghana BoG released the daily interbank rates, impacting local business and trade dynamics. The Cedi’s performance against key currencies like the US Dollar, Pound Sterling, and Euro remains stable, with minimal fluctuations from the previous week:
In light of this, the 123rd Monetary Policy Committee Meeting commenced on March 24, 2025, chaired by Dr. Johnson Asiama, Governor of the Bank of Ghana. The three-day session aims to analyze economic trends and make crucial monetary policy decisions to address inflation and currency challenges. Strategies to stabilize prices, boost economic growth, and review the current policy rate of 27.00% are expected outcomes.
Given Ghana’s reliance on foreign goods, there is a pressing need for the Bank of Ghana to implement effective monetary policies to enhance the Cedi’s strength against major currencies. Stay tuned for updates following the committee’s decisions and the subsequent press conference scheduled for March 28, 2025.
