ACCRA (Reuters) - Ghana's central bank on Monday raised its main interest rate to 29.5%, in a sign the monetary committee does not yet see the country's economic situation stabilising despite two consecutive months of slowing inflation.
The cocoa, gold, and oil-producing nation, one of West Africa's largest economies, is facing its worst economic crisis in a generation and is in the process of restructuring its debt in order to secure a $3 billion loan from the International Monetary Fund.
(Reporting by Cooper Inveen and Christian Akorlie; Writing Hereward Holland; Editing by James Macharia Chege)
By Cooper Inveen
Price
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Change
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 2,939 | +0.48% | -1.64% | - | ||
| 82.68 USD | +0.05% | +2.61% | - | ||
| 485 PTS | +1.79% | +2.46% | - | ||
| 164.6 PTS | +2.85% | +1.75% | - | ||
| 86.52 USD | -0.02% | +2.87% | - | ||
