Bank of Ghana keeps policy rate at 13.5%

The Bank of Ghana, as widely expected has maintained its policy rate at 13.5%.

Addressing the media this morning at the central bank, governor, Kwesi Amissah-Arthur said the bank has taken into consideration revenue mobilization, which is strong as well as the development in the energy sector and the geopolitics of the current happenings in North Africa and the threat these pose to inflationary outlook to maintain the policy rate at 13.5% for the fourth time running.

Inflation for January 2011 stood at 9.1% a marginal increase from the December rate of 8.6%.

By Emmanuel K. Dogbevi