{"id":22204,"date":"2011-07-06T13:45:00","date_gmt":"2011-07-06T17:45:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=4dbfe695f9e15dbc92c1f35b5a9f2c51"},"modified":"2011-07-06T13:45:00","modified_gmt":"2011-07-06T17:45:00","slug":"bank-of-ghana-cuts-lending-rate-50bps-to-12-50","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/06\/bank-of-ghana-cuts-lending-rate-50bps-to-12-50\/","title":{"rendered":"Bank of Ghana Cuts Lending Rate 50bps to 12.50%"},"content":{"rendered":"<p><span style=\"font-family:Verdana, Geneva, sans-serif;font-size:12px;line-height:16px\">The\u00a0<a href=\"http:\/\/www.bog.gov.gh\/\" style=\"text-decoration:none;color:rgb(55, 120, 205)\" >Bank of Ghana<\/a>\u00a0cut its key lending rate by 50 basis points to 12.50% in order to help boost lending as inflationary pressures reduce.\u00a0 Bank of Ghana Governor, Kwesi Amissah-Arthur, said: &quot;Inflation is going down and we don&#39;t see the banks responding (to lower interest rates)&quot; and further noted that &quot;the bank is confident that the annual inflation target of 9 percent is achievable&quot;.<\/span><\/p>\n<div>  <span style=\"font-family:Verdana, Geneva, sans-serif;font-size:12px;line-height:16px\"><br \/><\/span><\/div>\n<div><span style=\"font-family:Verdana, Geneva, sans-serif;font-size:12px;line-height:16px\">The Bank of Ghana also reduced its <a href=\"http:\/\/www.centralbanknews.info\/2011\/05\/bank-of-ghana-cuts-rate-50bps-to-1300.html\">lending rate<\/a> by 50 basis points to 13.00% at its May meeting this year. \u00a0Ghana reported inflation of 8.9% in May, compared to 9.0% in April, and 9.1% in the previous month. \u00a0Ghana&#39;s economy grew 23% in the March quarter, compared to 9.5% in the previous three months, as Africa&#39;s newest oil exporter saw export earnings boosted by oil sales, as well as a high gold price and cocoa volumes.<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"text-decoration:none;color:rgb(55, 120, 205)\" >www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-1345168593127693060?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Bank of Ghana\u00a0cut its key lending rate by 50 basis points to 12.50% in order to help boost lending as inflationary pressures reduce.\u00a0 Bank of Ghana Governor, Kwesi Amissah-Arthur, said: &quot;Inflation is going down and we don&#039;t see the bank&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22204","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22204"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22204\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}