Market News
Ghana's central bank to assess interest rate impact on inflation, says governor - REUTERS
ACCRA, May 21 (Reuters) - Ghana's central bank will assess whether its current monetary policy stance is enough to continue driving consumer inflation lower, governor Johnson Asiama said on Wednesday.
The Bank of Ghana raised its interest rate (GHCBIR=ECI) in a surprise decision in March after a marginal decline in inflation in February. However, the bank said it would later reassess the scope for monetary policy easing.
In opening remarks of the bank's monetary policy committee meeting ahead of a rate decision expected on Friday, Asiama said multiple factors such as the foreign exchange rate and market confidence would be considered by committee members.
