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BoG to slow monetary policy easing – GN Research

The central bank’s fast pace of monetary policy easing is expected to slow down this year on the account of high inflationary pressures, Groupe Ndoum (GN) Research has forecasted. The Monetary Policy Committee (MPC) of the Bank of Ghana last year reduced the policy rate by a cumulative 550 basis points with the trend tipped to continue into 2018, but GN Research is forecasting a slow-down in the rate of reduction.

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Interest Rates: BoG To Introduce New Formula

THE Bank of Ghana (BoG) is expected to soon introduce a new formula for calculating interest rate on loans, Business Finder has learnt. The new formula to be called the ‘Reference Rate’ would cap interest rates, therefore preventing banks from going above a certain limit in charging interest rates on loans.

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