Headline inflation has continued to ease, closing the year at 15.4 per cent from 15.8 per cent in October 2016 while underlying inflation pressures, measured by core inflation (CPI excluding energy and utility prices) have also declined significantly.
The 74th regular meeting of the Monetary Policy Committee (MPC) has ended in Accra. In its assessment of the economy, the Committee, in a statement read on its behalf by Dr Abdul-Nashiru Issahaku, Governor of the Bank of Ghana, at a news conference in Accra, yesterday, noted that economic activity remained modest throughout the year, against the backdrop of policy tightness, oil and gas production challenges at the Jubilee field, and lingering consequences of the power supply constraints.
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 25 per cent, BoG Governor, Dr Abdul-Nashiru Issahaku, has disclosed.
Egypt need just a point from their final African Nations Cup Group D clash against Ghana in Port Gentil on Wednesday to be sure of a quarterfinal place, and will be confident of achieving at least that against the already qualified Black Stars.
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