• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

BoG’s policy rate cut could have been deeper; 100bps cut conservative, says GCB Capital Research

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
421
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

BoG’s policy rate cut could have been deeper; 100bps cut conservative, says GCB Capital Research

GCB Capital Research highlights that the recent policy rate reduction by the Bank of Ghana (BoG) could have been more aggressive if not for burgeoning upside risks to inflation.

Despite the inclination towards a deeper cut, the BoG’s Monetary Policy Committee (MPC) took a cautious stance, citing various factors anchoring the disinflation process. These include the current stringent policy stance, stable Cedi performance, and favorable trends in crude oil prices.

The MPC remains optimistic about the continued disinflation trajectory, even in the face of potential inflationary pressures.

Projections suggest a gradual decline in headline inflation to 15%±2% by the end of 2024, with a subsequent return to the medium-term target range of 8%±2% by 2025.

However, GCB Capital Research argues that the 1% rate cut appears conservative given the acknowledged inflation risks.

The MPC’s strategy relies heavily on maintaining a judiciously tight monetary policy stance and ensuring rigorous implementation of the 2024 fiscal budget to mitigate inflationary concerns.

RelatedPosts

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

The MPC’s cautious approach underscores its commitment to balancing the imperative of stimulating economic growth with the need to manage inflationary pressures effectively.

This prudent stance reflects the BoG’s unwavering dedication to preserving price stability while fostering sustainable economic expansion amidst evolving macroeconomic dynamics.

The Bank of Ghana (BoG) has reduced its Monetary Policy Rate (base rate) to 29 percent.

The reduction indicates a 100 basis points decline in the apex bank’s prime rate from the previous policy rate of 30 percent.

Tags: BOGBoG's policy rate cut could have been deeper; 100bps cut conservativeGCB Capital Researchpolicy ratesays GCB Capital Research
No Result
View All Result

Highlights

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

Trending

Features

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

MTN Nigeria Now the Most Capitalized Stock in Nigeria MTN Nigeria has surged to become the most...

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

US Companies Cut Investments in China to Record Lows, Here’s Why

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.