Connect with us

Hi, what are you looking for?


BoG maintains policy rate at 29%

BoG maintains policy rate at 29%

Bank of Ghana (BoG) has maintained its Monetary Policy Rate (base rate) at 29 percent.

The BoG made a 100 basis points cut in the policy rate to the current 29 percent in January.

The maintenance of the policy rate was announced by the Governor of the Bank of Ghana, Dr. Ernest Addison at the 117th Monetary Policy Committee (MPC) press briefing on Monday, March 25, 2024.

The new policy rate follows the review of macroeconomic developments in the country for the past two months by the MPC.

With a maintenance in the policy rate, the lending rate by commercial banks to businesses is expected to remain same with the new policy rate.

According to Dr. Addison, the decision by the Committee to maintain the policy rate comes on the back of the marginal but steady decline in the headline inflation to 23.2% in February.


There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.

1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.

2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.

3. It doesn’t cost much, and takes less time than it took to read this message.

Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just 1 Ghana Cedi through mobile money number: 0599896099/ +23359989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.

Click to comment

Leave a Reply

You May Also Like


Neglected tropical diseases rising in E/R- GHS Eastern Regional Health Directorate says there is disturbing increase in cases of neglected tropical Diseases in the...


At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos.


Kagame Tells Europe that Africa Doesn’t Need Adult Supervision but Fair Trade.    There is a good reason why you should support the African...


Daasebre Oti Boateng introduces Root-Based Model to Akufo-Addo, Bawumia, commends them for 2021 Census & Covid-19 fight Omanhene of New Juaben, Chancellor of All...

Copyright © 2023, Ltd was developed by Wordswar Technology & Investment, Inc. Contact us on +233246187160

%d bloggers like this: