Ghana Central Bank Lowers Main Policy Interest Rate to 15.50 Percent

Ghana's central bank announced a 250-basis-point cut to its main interest rate on Wednesday. The sizeable adjustment brings the policy rate down to 15.50%.

ACCRA, Jan 28 (Reuters) - Ghana's central bank announced on Wednesday that it has lowered its main interest rate by 250 basis points, bringing the benchmark figure to 15.50%. The move by officials in Ghana GHGHmarks a sizeable adjustment to the main policy rate and therefore represents a change in the country's monetary policy stance.
People walk past the Bank of Ghana in Accra, Ghana, November 28, 2018. REUTERS/Zohra Bensemra
People walk past the Bank of Ghana in Accra, Ghana, November 28, 2018. REUTERS/Zohra Bensemra
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