The Monetary Policy Committee (MPC) of the Bank of Ghana will commence its meetings to review developments in the economy from Monday, 7th July.
Previous meetings have focused mainly on the free fall of the cedi and the implementation of the forex rules introduced by the central bank in February this year, as well as the revision and withdrawal of some of the rules but this meeting is expected to focus on the economy.
The gathering, which is expected to end with a decision on the suitable positioning of the Bank’s Policy Rate which commercial banks use to determine their base rates, will also end with a press conference which will be addressed by the Governor of the Bank of Ghana Dr. Henry Kofi Wampah on Wednesday, 9th July.
Business World (with notes from citifmonline)