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Cost of Borrowing to Surge as IEA proposes Policy Rate of 20% or 20.5%

Cost of Borrowing to Surge as IEA proposes Policy Rate of 20% or 20.5%

Cost of borrowing is expected to go up further, as the Institute of Economic Affairs (IEA) is urging the Bank of Ghana to increase the Policy Rate (PR) by 1.0% or 1.50% to 20% or 20.5%. Its argument is that the upward adjustment will narrow the inflation-Policy Rate...

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