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EXPLAINER: What the audit of Ghana’s financial strategy rate means to Ghanaians

EXPLAINER: What the audit of Ghana's financial strategy rate means to Ghanaians

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Cost of loans to go up

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) on Tuesday, August 17, 2022, expanded the arrangement rate by 300 premise focuses to 22%.

The increment came after the Monetary Policy Committee (MPC) of the national bank held a crisis meeting.

The expansion in strategy rate likewise came when the country’s expansion rate is high and the cedi deteriorates against significant exchanging monetary standards.

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