Bank of Ghana
cedi
COVID-19
depreciation
Economics
Foreign exchange
Ghana benchmark rate
inflation
President Nana Akufo-Addo
Ukraine Russia conflict
University of Ghana
Latest Ghana Benchmark Rate Hike the Largest on Record — President Promises Action Against ‘Unacceptable Depreciation of the Cedi’
After seeing Ghana’s inflation rate surge to 31.7% in July, the Bank of Ghana responded by hiking the benchmark interest rate by 300 basis points. In addition to the rate…