The Bank of Ghana has maintained the Monetary Policy Rate at 20 per cent over fears that inflation could be rising.
The Governor of the Central Bank, Dr Ernest Addison, announced the new rate at the Monetary Policy Committee (MPC) meeting on Monday, 22 January.
The rate was reduced from 25.5 per cent in January 2017 to 20 per cent as of November the same year.
“This trend is expected to continue in 2018,” Dr Addison said.
This is the first sitting of the MPC in 2018.