LIVESTREAMED: Bank of Ghana’s 126th Monetary Policy Committee Press Briefing
The Bank of Ghana (BoG) is holding its 126th Monetary Policy Committee (MPC) press briefing to announce its decision regarding the policy rate. This announcement is crucial, as the policy rate heavily influences the cost of borrowing for businesses and individuals across Ghana, shaping economic activity for the next two months. The briefing is being livestreamed, allowing for public access to this important economic event.
Anticipation Surrounds Policy Rate Decision
All eyes are on the BoG as stakeholders await the MPC’s decision. The policy rate serves as the benchmark interest rate at which commercial banks lend to businesses and the private sector. Changes to this rate can significantly impact investment, lending, and overall economic growth within the country. In the previous meeting, the 125th session, the BoG made a bold move by reducing the policy rate by 300 basis points, bringing it down from 28% to 25%. This decision, according to the BoG Governor, was driven by substantial positive developments observed within the Ghanaian economy.
The outcome of this 126th meeting is highly anticipated as businesses and individuals look for guidance on future financial planning. The BoG’s decision will undoubtedly have ramifications across various sectors of the Ghanaian economy.
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Related Keywords: Bank of Ghana, Monetary Policy Committee, MPC Press Briefing, Livestream, Ghana Economy, Interest Rates, Inflation, Economic Outlook, BoG Press Conference, Monetary Policy
