Hit hard by inflation like many countries in the world, Ghana has decided to take the bull by the horns before it is too late. With this in mind, the bank’s monetary policy committee (CPM) met urgently on Wednesday August 17 to rule on the economic situation and provide appropriate solutions. On this momentum, the body announced that it had raised its main key rate by 300 basis points to bring it to 22% in order to contain inflation and deal with the chronic depreciation of the local currency, the Cedi.
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