Bank of Ghana policy rate still unchanged at 13.5%

The Bank of Ghana Monetary Policy Committee (MPC) has held its policy rate at 13.5%.

The chairman of the MPC, central bank governor, Kwesi Amissah-Arthur announced this at a press conference at the Bank’s premises in Accra this morning.

This is the third time in the year that the policy rate has remained unchanged at 13.5%.

The policy rate is the rate at which the central bank lends to commercial banks. It was first cut to 13.5% from 15% in July 2010.

More details soon.

By Emmanuel K. Dogbevi