wpid-Bank-of-Ghana.jpgThe Monetary Policy Committee (MPC) of the Bank of Ghana will commence its 58th regular meeting on Monday, November 11, 2013 to review developments in the economy.

The meeting will end with a decision on the appropriate positioning of the Bank?s Policy Rate.

 

Over the few months the economy has been under serious stress and announcement of the new policy rate will give the direction of the economy.

At its meeting held in September 2013, the Bank of Ghana maintained its policy rate of 16 per cent.

 

The policy rate usually serves as the bench mark for commercial banks to come up with their base rate.

With the current trends in the economy, analysts expect that the Bank of Ghana will maintain the current policy rate.

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