The central bank announced that the two were the latest casualties in the ongoing banking reforms. FebruaryThe central bank as part of efforts to arrest the situation announced a raft of measures for the trading of forex. AprilThe Monetary Policy Committee of the central bank met for the second time in 2019, and decided to maintain its rate at 16 percent. Despite the slight increase, the year-on-year comparison indicates a drop in the inflation rate from the 9.6 percent recorded in April 2018, to 9.5 percent in April 2019. The first tranche of the US$1.3 billion cocoa syndicated loan signed between Cocobod and some international financial institutions has hit the accounts of the central bank.

Source: GhanaWeb December 31, 2019 15:11 UTC