Ghana central bank announces rate hike to suppress inflationary pressure


By Justice

ACCRA, May 23 (Xinhua) -- Ghana's central bank announced a further 200 basis points hike in its benchmark lending rate Monday to tame the ever-mounting inflationary pressure amid global price uncertainties and supply chain disruptions.

Ernest Addison, Governor of the Bank of Ghana, announced this at a press briefing after the bank's 106th Monetary Policy Committee (MPC) meeting.

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