Ghana Cuts Benchmark Interest Rates By 3% As Inflation Eases

Ghana’s central bank on Wednesday cut its benchmark interest rate by three per cent on the back of easing inflationary pressures, as the West African country emerges from a severe economic crisis.

The Bank of Ghana announced that its benchmark rate would drop from 28 per cent to 25 per cent — the first such reduction in more than a year, which comes as the cedi currency has recovered…