(AFRICAN MARKETS) - As most African countries, Ghana has to face a major issue which is to control its rising inflation rate risk associated to a weak currency. In the short term, this requires above all, finding solutions to limit the impact of capital outflows resulting from the FED’s Quantitative Easing (QE) tapering.
Moody's Investors Service has today changed the outlook on Ghana's B1 government bond rating to negative from stable. Concurrently, Moody's has affirmed the government's B1 issuer and bond ratings.
The Monetary Policy Committee (MPC) of the Bank of Ghana held its 58th meeting on November 25 to 27, 2013 to review the latest economic developments and the monetary policy stance.
Ghana's annual consumer price inflation stood at 13.1 per cent in October 2013, up from the 11.9 percent recorded in September 2013, the Ghana Statistical Service said in a statement.
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