Ghana central bank hikes lending rate further to dampen inflation ...Middle East

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Ghana central bank hikes lending rate further to dampen inflation
source : Devdiscourse ( Middle East ) () 33
Ghana's central bank on Monday raised its main lending rate by a further 250 basis points to 27% to try to quell inflation in an economy facing its worst economic crisis in a generation. The cocoa, gold, and oil-producing nation, one of West Africa's largest economies, has experienced successive jumps in inflation which climbed to an annual 40.4% in October, a 21-year peak despite aggressive central bank lending rate hikes this year.

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