Bank of Ghana Holds Key Interest Rate as Inflation Persists
- Central bank targets inflation band of 6 to 10 percent
- Economy rebounding from the slowest growth in two decades
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Ghana’s central bank maintained its benchmark interest rate at a 3 1/2-year low as consumer inflation persists.
The Bank of Ghana kept the rate at 20 percent, Governor Ernest Addison told reporters Monday in the capital, Accra. The median of 10 economists’ estimates was for 19.75 percent, with four forecasting the pause.