Monetary and Financial Developments Report – July 2021

monetary policy report

Latest trends in monetary aggregates showed a slightly higher pace of growth in broad money supply (M2+), largely driven by Net Domestic Assets (NDA) of the banking sector. Interest rates have generally trended downwards in line with the easing of monetary policy stance and improved liquidity conditions. The Ghana Stock Exchange (GSE) Composite Index continued to show improvements in the performance of the stock market, following the rebound in December 2020.

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