The West African nation is under a three-year aid program with the International Monetary Fund (IMF) to restore fiscal balance to an economy dogged by high fiscal deficits and a distressing public debt, with consumer inflation consistently above government target.
Central Bank keeps benchmark interest rate at 26 pct
Ghana's central bank kept its benchmark policy rate at 26 percent on Monday citing moderation in the pace of consumer inflation, its governor Henry Kofi Wampah said.
Ghana is yet to fully resolve a three-year electricity crisis that has crippled industries and made the government unpopular ahead of general elections later this year.
Washington sources told Reuters earlier the board was concerned about the power crisis and called on the government to resolve it urgently.
Wednesday's approval brings total disbursements for Ghana to $343.7 million under the programme, which ends next year.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Woman saves animal from the streets — then she finds out it is something else
Alake calls on Badaru to fish out illegal miners, violators of mining laws
Divers find bodies of 2 people who drowned after Baltimore bridge collapsed
INEC rejects LP's National convention in Anambra, questions venue change
8 people including professor declared wanted over killing of 17 soldiers
INEC to publish credentials of 17 Edo governorship candidates on Saturday
Hardship: Abiodun to begin sale of rice to Ogun residents at 50% discount
Labour Party offers Peter Obi 2027 presidential ticket unopposed
Allow us build seaports, railways to develop the South-East - Ohanaeze tells FG
Pulse Sports
Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?
I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream
Michelle Alozie: I had to do it because of African referees
AC Milan star reveals he was named after Super Eagles legend Tijani Babangida
Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana
Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana
ADVERTISEMENT