Economics
Ghana Unexpectedly Hikes Rate for First Time in Six Years
- Benchmark gauge raised by 100 bps to 14.5% to tame inflation
- Only two economists surveyed by Bloomberg forecast a hike
Residents shop at a food market in Accra, Republic of Ghana.
Photographer: Nipah Denis/BloombergThis article is for subscribers only.
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Ghana’s central bank raised its benchmark interest rate for the first time since 2015, citing “significant” inflation risks.