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.

The Abraaj Group, a leading investor operating in growth markets, today announced its acquisition of a majority stake in Ghana Home Loans (“GHL”), the leading provider of residential mortgages in Ghana.

Fitch Ratings has downgraded Ghana's Long-term foreign and local currency IDRs and its senior unsecured ratings to 'B' from 'B+'. The Outlook is Stable. The Country Ceiling has also been downgraded to 'B' from 'B+'. The agency has affirmed the Short-term foreign currency IDR at 'B.'