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Economy / Ghana

Macroeconomic Forecast Ghana

May 2008 | Macroeconomic Forecasts

BMI View: Following an aggressive 175bps hike in Ghana's prime rate on May 19, we expect a further 100bps of interest rate hikes from the Bank of Ghana in 2008, with risks to the upside. As such, we are forecasting a prime rate of 17.0% by end-08.

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