More Interest Rate Cuts On The Way In Ghana, Following Cautious Start Of Easing Cycle
Country Risk / Ghana / Tue 30 Jan, 2024
Key View
- We believe that, following a 100 basis-point (bps) cut to 29.00% in January, the Bank of Ghana (BoG) will lower the benchmark interest rate by an additional 700bps to 22.00% by year-end.
- Inflationary pressures will continue to dissipate over the coming months, driven by the lagged impact of tighter financial conditions