Ghana

The Ghana Commodity Exchange has completed feasibility studies into the local rice market ahead of the listing of the commodity on the exchange later this year.

Ghana's central bank left its monetary policy rate unchanged at 16.0 percent, saying the recent pass-through of a lower exchange rate had slowed the process of disinflation, but core inflation remains subdued and inflation expectations are anchored.

Ghana's central bank left its policy rate steady at 16.0 percent but said it would not "hesitate to take immediate and decisive policy actions including on a tighter monetary policy stance, should these risks materialize and threaten to dislodge the disinflation process."

Ghana's central bank cut its policy rate by another 100 basis points to 16.0 percent, saying current conditions provide scope to translate some of the recent gains in macroeconomic stability to the economy and the immediate risks to disinflation were contained.