26
May
Fitch Solutions has projected that Ghana’s Central Bank is expected to begin easing the monetary policy rate by the fourth quarter of 2023. According to Fitch, this will be due to easing inflation in the coming months. This projection by Fitch essentially means that the cost of loans will continue to be high till the end of this year. “We expect that the BoG will commence a monetary easing cycle in Q423, cutting the policy rate by 200bps to 27.50% by end-2023. Consumer price growth will continue to moderate through H223 [2nd half of 2023] due to a stable exchange…