{"id":753149,"date":"2019-11-27T13:49:02","date_gmt":"2019-11-27T13:49:02","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/11\/27\/bog-maintains-policy-rate-for-fifth-time-in-row\/"},"modified":"2019-11-27T13:49:02","modified_gmt":"2019-11-27T13:49:02","slug":"bog-maintains-policy-rate-for-fifth-time-in-row","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/11\/27\/bog-maintains-policy-rate-for-fifth-time-in-row\/","title":{"rendered":"BoG maintains policy rate for fifth time in row"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"490\" height=\"324\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/10\/businessman-sues-bog-to-stop-warnings.png\"   alt=\"\" title=\"Businessman sues BoG to stop warnings\"\/><\/div>\n<p>Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) for the fifth time, since January this year kept the lending rate to commercial banks at 16 per cent. <\/p>\n<p><strong>READ THIS: It\u2019s all a set up \u2013 Bill Cosby<\/strong><\/p>\n<p>According to the committee\u2019s assessment, latest forecast indicates that inflation will still remain within the target band of\u00a0 8\u00b12 over the forecast horizon, barring any unforeseen shocks.<\/p>\n<p><strong>SEE THIS: Nigeria \u2018witchcraft conference\u2019 forced to change name<\/strong><\/p>\n<p>Dr Ernest Addison, Governor of the Central Bank speaking to the media stated that risks to inflation outlook were broadly balanced, hence the Committee\u2019s decision to maintain the policy rate at 16 percent while monitoring developments going forward. <\/p>\n<p><strong>READ ALSO: Listen: Why police officers still take bribe: IGP\u2019s take<\/strong><\/p>\n<p>The next Monetary Policy Committee (MPC) meeting is scheduled for January 22-24, 2020. The meeting will conclude on Monday, January 27, 2020 with announcement of the policy decision.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) for the fifth time, since January this year kept the lending rate to commercial banks at 16 per cent. READ THIS: It\u2019s all a set up \u2013 Bill Cosby According to the committee\u2019s assessment, latest forecast indicates that inflation will still remain within the target [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":721178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-753149","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BoG maintains policy rate for fifth time in row - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/11\/27\/bog-maintains-policy-rate-for-fifth-time-in-row\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BoG maintains policy rate for fifth time in row - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) for the fifth time, since January this year kept the lending rate to commercial banks at 16 per cent. 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