President Nana Akufo-Addo has said that the “macroeconomic indices are beginning to show a turn for the better”.
Addressing journalists at the Flagstaff House on Tuesday 18 July vis-à-vis his first six months in office, Mr Akufo-Addo expressed hope that the economy would show significant positive growth.
He explained that the Monetary Police Rate (MPR) of the Bank of Ghana (BoG) has been cut from 25.5 percent to 22.5 percent in the first half of the year.
Furthermore, he indicated that inflation went down from 15.4 per cent in December, 2016 to 12.1 per cent in June 2017.
Mr Akufo-Addo added that the benchmark 91-day Treasury Bill (T-bill) rate was 22.8 per cent in January last year and has narrowed to 11.9 per cent in June 2017, “the lowest in five years”.