ACCRA (Reuters) -Ghana’s central bank on Friday raised its main interest rate by 100 basis points to 28%, saying that inflation remains a concern.
A majority of economists polled by Reuters had expected the central bank to hold rates steady at its monetary policy meeting, citing high inflation and forex weakness.
“The committee decided to raise the monetary policy rate by 100 basis points to 28%,” new central bank governor Johnson Asiama said during a news conference.
He added that the decision was a taken by a majority of the members of the bank’s monetary policy committee.
(Reporting by Christian Akorlie; Writing by Anait Miridzhanian;Editing by Bate Felix)
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