Ghana's central bank left its policy rate steady at 26.0 percent, saying there is need "to maintain the current monetary policy stance which together with fiscal consolidation would help bring inflation further down."
Foreign Direct Investments into Ghana declined by 31 percent between 2014 and 2015.
Ghana's central bank left its policy rate steady at 26.0 percent, saying the risks to inflation and economic growth were balanced and that "the current tight monetary policy stance, supported by continued fiscal consolidation and improvement in the energy situation, would provide the necessary impetus to rein in inflation pressures."
The Bank of Ghana (BoG) has revoked licenses of some 70 microfinance and money lending companies.
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