Ghana's central bank announced Monday to stay its benchmark policy rate at 19 percent to observe the impact of previous hikes on inflation and other macroeconomic indicators.

USD denominated Eurobonds have become the darling of the African investor. Nigeria and Ghana are amongst the most popular Eurobonds requested. Nigeria with a low 34.98% debt to GDP ratio offers strong yields with comparatively low risk to capital.

Ghana’s economy expanded by 5.4% in 2021, far higher than the 0.4% recorded in the year 2020, a period that COVID-19 pandemic had severely hit the global economy.  

Ghana’s central bank has announced its largest-ever interest rate hike to halt the country’s spiralling inflation fed by global tensions in Europe. This is according to a news release from the Bank of Ghana’s Monetary Policy Committee.