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  - WN.COM - Business - 06/Aug 05:41

BoG signals possible early rate cut, if inflation eases further

The Bank of Ghana (BoG) Governor, Dr. Johnson Asiama, has indicated that the Monetary Policy Committee (MPC) could convene earlier than its scheduled September 23–26 meeting to consider a further cut to the benchmark Monetary Policy Rate, should the inflation trajectory continue downward in July and August. Speaking at a post-MPC policy seminar organised by the Chartered Institute of Bankers (CIB) Ghana in Accra, Dr. Asiama said the central bank is closely monitoring inflation data and will act decisively if the disinflation process remains on course. “If we see July and August inflation going down further, the committee may have to meet ahead of its next meeting date to adjust the policy...

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