March 18, 2020 / 5:35 PM / 17 days ago

Ghana Central Bank cuts key rate to 14.5% due to coronavirus

ACCRA, March 18 (Reuters) - Ghana’s Central Bank has cut its interest rate to 14.5% from 16% due to the negative economic impacts it anticipates from the spread of the coronavirus, it said in a statement on Wednesday.

It said that in a worst case scenario, economic growth could drop to 2.5% this year from a previous forecast of 6.8%. (Reporting by Christian Akorlie Writing by Edward McAllister Editing by Alessandra Prentice)

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