We have adequate reserves to stabilise and protect the cedi’s value – BoG Governor assures

The Governor further assured participants that "this is why the Bank of Ghana will continue to take decisions that protect the value of the cedi, keep inflation low, preserve financial stability, and support sustainable economic growth.

Policy Rate Held at 14 Percent The Monetary Policy Committee of the Bank of Ghana maintained the policy rate at 14 percent, explaining that it needed more time to assess the impact of developments in the Middle East on the Ghanaian economy." On the economy, the governor argued that the recent growth figures for the first three months of the year showed that "we are seeing increased activity across many parts of the economy, including stronger bank lending to businesses, increased trade, higher industrial production, and a recovery in tourism."