Ghana Cuts Key Rate to 2022 Low as Inflation Seen in Target

Ghana’s central bank cut borrowing costs to the lowest level in four years after inflation slipped below the 6% floor of its target range.

The monetary policy committee voted by a majority decision to reduce the key rate to 15.5% from 18%, Governor Johnson Asiama told reporters on Wednesday in the capital, Accra. That matched the median estimate of four economists in a Bloomberg survey.