ACCRA (Reuters) – Ghana’s central bank kept its main interest rate unchanged at 29.5%, Governor Ernest Addison said on Monday.
The cocoa, gold and oil-producing West African nation is grappling with its worst economic crisis in a generation.
The International Monetary Fund’s executive board last week approved a $3 billion three-year support programme, allowing for an immediate disbursement of about $600 million and a potential path out of the crisis.
(Reporting by Maxwell Akalaare Adombila; Writing by Anait Miridzhanian; Editing by Alexander Winning)
