{"id":24395,"date":"2022-08-16T17:08:17","date_gmt":"2022-08-16T17:08:17","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/ghana-central-bank-plans-emergency-meet-after-currency-slump"},"modified":"2022-08-16T18:20:51","modified_gmt":"2022-08-16T18:20:51","slug":"ghana-central-bank-plans-emergency-meet-after-currency-slump","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-central-bank-plans-emergency-meet-after-currency-slump","title":{"rendered":"Ghana Central Bank Plans Emergency Meet After Currency Slump"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ghana. <\/strong><\/span>The cedi fell 1.6% on Tuesday, extending this year\u2019s slump to 35% and making it the world\u2019s worst performer among the 150 currencies tracked by Bloomberg, after bankrupt Sri Lanka\u2019s rupee. The annual inflation rate in July climbed <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-08-10\/sliding-cedi-pushes-ghana-inflation-to-31-7-above-forecasts\">more than expected<\/a> to 31.7% from 29.8% a month prior, the statistics office said Aug. 10.<\/p>\n<p>The MPC will meet to \u201creview recent developments in the economy,\u201d according to a statement emailed from the capital, Accra. That\u2019s after it left borrowing costs unchanged at 19% <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-25\/ghana-taps-brakes-on-interest-rate-hikes-on-growth-concerns\">last month<\/a> on expectations that inflation may be leveling off and to allow a cumulative 550 basis points of rate hikes <a href=\"https:\/\/www.bloomberg.com\/news\/terminal\/RCC4UXGEZ1FK\">since November<\/a> to filter through the economy.<\/p>\n<p>The central bank is the second in sub-Saharan Africa after the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-05\/uganda-lifts-key-lending-rate-to-two-year-high-in-emergency-move\">Bank of Uganda<\/a> to hold an emergency meeting since Russia\u2019s war with Ukraine erupted in February.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/ghana\">Ghana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ghana. The cedi fell 1.6% on Tuesday, extending this year\u2019s slump to 35% and making it the world\u2019s worst performer among the 150 currencies tracked by Bloomberg, after bankrupt Sri Lanka\u2019s rupee. The annual inflation rate in July climbed more than expected to 31.7% from 29.8% a month prior, the statistics office said [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":24394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8],"tags":[5092,5096,9984,9983,429],"class_list":["post-24395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-ghana","tag-central-bank","tag-currency-slump","tag-ghana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ghana Central Bank Plans Emergency Meet After Currency Slump - Ghana<\/title>\n<meta name=\"description\" content=\"The cedi fell 1.6% on Tuesday, extending this year\u2019s slump to 35% and making it the world\u2019s worst performer among the 15 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-central-bank-plans-emergency-meet-after-currency-slump\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana Central Bank Plans Emergency Meet After Currency Slump\" \/>\n<meta property=\"og:description\" content=\"The cedi fell 1.6% on Tuesday, extending this year\u2019s slump to 35% and making it the world\u2019s worst performer among the 15 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-central-bank-plans-emergency-meet-after-currency-slump\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-16T17:08:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-16T18:20:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/08\/postQueueImg_21-62fbdfd0e498b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"731\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-central-bank-plans-emergency-meet-after-currency-slump#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-central-bank-plans-emergency-meet-after-currency-slump\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ghana Central Bank Plans Emergency Meet After Currency Slump\",\"datePublished\":\"2022-08-16T17:08:17+00:00\",\"dateModified\":\"2022-08-16T18:20:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-central-bank-plans-emergency-meet-after-currency-slump\"},\"wordCount\":156,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-central-bank-plans-emergency-meet-after-currency-slump#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/08\/postQueueImg_21-62fbdfd0e498b.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"Central Bank\",\"Currency Slump\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-central-bank-plans-emergency-meet-after-currency-slump#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-central-bank-plans-emergency-meet-after-currency-slump\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-central-bank-plans-emergency-meet-after-currency-slump\",\"name\":\"Ghana Central Bank Plans Emergency Meet After Currency Slump - 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