The Monetary Policy Committee (MPC) of the Bank of Ghana has left the Policy Rate unchanged at 19%.

This means cost of borrowing will remain largely same at least for the next two and half months.

Speaking at a News Conference today, July 25th, 2022, the Governor of the Central Bank, Dr. Ernest Addison, said this is because the rising inflation rate has started responding to the last policy rate increase, hence the need to monitor the situation further, before any policy action.

More soon………….