{"id":576,"date":"2022-09-01T05:34:52","date_gmt":"2022-09-01T05:34:52","guid":{"rendered":"https:\/\/bela.dmtca.work\/?p=576"},"modified":"2023-04-12T17:35:46","modified_gmt":"2023-04-12T11:50:46","slug":"bank-of-ghana-reviews-policy-rate","status":"publish","type":"post","link":"https:\/\/bentsienchill.com\/?p=576","title":{"rendered":"Bank of Ghana Reviews Policy Rate"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"576\" class=\"elementor elementor-576\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-72ddfceb elementor-section-full_width elementor-section-stretched banner-inner elementor-section-height-default elementor-section-height-default\" data-id=\"72ddfceb\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div 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\/><\/a><\/div><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-9b21acc print-h-w\" data-id=\"9b21acc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b455f2 blogdate1 elementor-widget elementor-widget-shortcode\" data-id=\"9b455f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">September 1, 2022<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d470a64 all-details news-insight-detail elementor-widget elementor-widget-shortcode\" data-id=\"6d470a64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><p><span style=\"font-weight: 400;\">The Central Bank has reviewed the policy rate by 300 basis points from 19% to 22% after a Monetary Policy Committee meeting held on 17<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\"> August 2022.<\/span>.<\/p>\r\n<p><span style=\"font-weight: 400;\">The review was driven by the rapid depreciation of the cedi. According to the Bank of Ghana, the depreciation was occasioned by both external internal factors such as the increase in inflation in July and the intensified pressures on the foreign currency market.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">To boost the supply of foreign exchange, the Central Bank noted that it is working with mining and oil and gas companies to purchase all foreign exchanges arising from voluntary repatriation of export proceeds.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">The Committee will also raise the primary reserve requirement of banks from 12 percent to 15 percent to be implemented in a phased manner: <\/span><\/p>\r\n<ol type=\"i\">\r\n\t<li><span style=\"font-size: 16px; font-weight: 400;\">13 percent from 1st September, 2022 <\/span><\/li>\r\n\t<li><span style=\"font-size: 16px; font-weight: 400;\">14 percent by 1st October, 2022\u00a0<\/span><\/li>\r\n\t<li><span style=\"font-weight: 400;\">15 percent by 1st November, 2022<\/span><\/li>\r\n<\/ol>\r\n<p><span style=\"font-weight: 400;\">The Central Bank indicated that the ongoing discussion with the International Monetary Fund concerning the balance of payment support would address the country\u2019s fiscal and debt sustainability challenges as well as shore up the international reserves of the country.<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f598303 rc-heading elementor-widget elementor-widget-heading\" data-id=\"6f598303\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Recommended Content<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-710dddd5 recomm-content elementor-widget elementor-widget-elementskit-blog-posts\" data-id=\"710dddd5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-blog-posts.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" >        <div id=\"post-items--710dddd5\" class=\"row post-items\">\n                    <div class=\"col-lg-4 col-md-6\">\n\n                                    <div class=\"elementskit-post-image-card\">\n                        <div class=\"elementskit-entry-header\">\n                                                            <a href=\"https:\/\/bentsienchill.com\/?p=18477\" class=\"elementskit-entry-thumb\">\n                                    <img decoding=\"async\" data-src=\"https:\/\/bentsienchill.com\/wp-content\/uploads\/2023\/04\/Landscape-images-7-1024x576.png\" alt=\"Parliament Passes the Growth and Sustainability Levy Bill, 2022\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;\">\n                                <\/a><!-- .elementskit-entry-thumb END -->\n                                                            \n                            \n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div><!-- .elementskit-entry-header END -->\n\n\t\t\t\t\t\t<div class=\"elementskit-post-body \">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"entry-title\">\n\t\t\t\t\t<a href=\"https:\/\/bentsienchill.com\/?p=18477\">\n\t\t\t\t\t\tParliament Passes the Growth and Sustainability Levy Bill, 2022\t\t\t\t\t<\/a>\n\t\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"post-meta-list\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date-text\">\n\t\t\t\t\t\t\t\t\t\t\tApril 11, 2023\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t                                                    <\/div><!-- .elementskit-post-body END -->\n                    <\/div>\n                \n            <\/div>\n                    <div class=\"col-lg-4 col-md-6\">\n\n                                    <div class=\"elementskit-post-image-card\">\n                        <div class=\"elementskit-entry-header\">\n                                                            <a href=\"https:\/\/bentsienchill.com\/?p=578\" class=\"elementskit-entry-thumb\">\n                                    <img decoding=\"async\" data-src=\"https:\/\/bentsienchill.com\/wp-content\/uploads\/2022\/11\/kazuki-tomoda-3vS40wo6Wwo-unsplash.jpg\" alt=\"Passage of the Fees and Charges (Miscellaneous Provisions) Bill, 2022.\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" style=\"--smush-placeholder-width: 1920px; --smush-placeholder-aspect-ratio: 1920\/1080;\">\n                                <\/a><!-- .elementskit-entry-thumb END -->\n                                                            \n                            \n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div><!-- .elementskit-entry-header END -->\n\n\t\t\t\t\t\t<div class=\"elementskit-post-body \">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"entry-title\">\n\t\t\t\t\t<a href=\"https:\/\/bentsienchill.com\/?p=578\">\n\t\t\t\t\t\tPassage of the Fees and Charges (Miscellaneous Provisions) Bill, 2022.\t\t\t\t\t<\/a>\n\t\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"post-meta-list\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date-text\">\n\t\t\t\t\t\t\t\t\t\t\tSeptember 1, 2022\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t                                                    <\/div><!-- .elementskit-post-body END -->\n                    <\/div>\n                \n            <\/div>\n                <\/div>\n       <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-60991e30 key-contact-hold wrap-right author-section elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile\" data-id=\"60991e30\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-775b3b6a elementor-widget elementor-widget-heading\" data-id=\"775b3b6a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Author\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5e897843 elementor-section-full_width key-contact-wrap elementor-section-height-default elementor-section-height-default\" data-id=\"5e897843\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-79ee1963\" data-id=\"79ee1963\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7b21891c key-contact-inner elementor-widget elementor-widget-ajax-load-more\" data-id=\"7b21891c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ajax-load-more.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-alm-shortcode\"><div id=\"ajax-load-more\" class=\"ajax-load-more-wrap blue\"  data-alm-id=\"\" data-canonical-url=\"https:\/\/bentsienchill.com\/?p=578\" data-slug=\"passage-of-the-fees-and-charges\" data-post-id=\"578\"  data-localized=\"ajax_load_more_vars\" data-alm-object=\"ajax_load_more\"><div aria-live=\"polite\" aria-atomic=\"true\" class=\"alm-listing alm-ajax css-grid\" data-container-type=\"div\" data-loading-style=\"blue\" data-repeater=\"template_46\" data-post-type=\"post\" data-category=\"Key Contact Energy 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yes\">\n\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"35\" height=\"37\" viewBox=\"0 0 35 37\" fill=\"none\"><path d=\"M18.3536 4.64645C18.1583 4.45119 17.8417 4.45119 17.6464 4.64645L14.4645 7.82843C14.2692 8.02369 14.2692 8.34027 14.4645 8.53553C14.6597 8.7308 14.9763 8.7308 15.1716 8.53553L18 5.70711L20.8284 8.53553C21.0237 8.7308 21.3403 8.7308 21.5355 8.53553C21.7308 8.34027 21.7308 8.02369 21.5355 7.82843L18.3536 4.64645ZM18.5 30V5H17.5V30H18.5Z\" fill=\"black\" fill-opacity=\"0.5\"><\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Publication Bank of Ghana Reviews Policy Rate Recommended Content Parliament Passes the Growth and Sustainability Levy Bill, 2022 11 April 2023 Passage of the Fees and Charges (Miscellaneous Provisions) Bill, 2022. 1 September 2022 Author Load 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