The Ghanaian cedi ranked top of the table of the worst-performing currencies in the world last year
is seen lifting interest rates by as much as 175 basis points when rate-setters meet this month as the West African country looks to rein in galloping inflation.
While two experts anticipate that the Ghanaian apex bank would retain the current rate at 27 per cent, the rest expect upward adjustment within the range of 100 and 400 basis points. The Ghanaian economy is taking a blow from a severely pressured currency and defiant inflation, with consumer inflation soaring to its pinnacle in 22 years last month.
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