Bank of Ghana Holds Policy Rate at 14% Amid Rising Fuel and Utility Costs

Professor Quartey has assessed the Bank of Ghana's decision to hold its policy rate at 14% as a constraint on businesses already facing rising fuel and utility costs. Quartey separately notes that global oil price increases could rise further, supporting the BoG's cautious monetary stance. The held rate directly shapes borrowing costs for Ghana-based startups and fintech lenders.