Ghana recovering faster than expected, says governor Addison

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Ernest Addison

Bank of Ghana governor, Ernest Addison

The monetary policy committee of the Bank of Ghana voted to leave interest rates unchanged today (November 23) following signs the economy was recovering faster than expected.

In a statement, governor Ernest Addison noted that annual growth, after contracting in the first half of the year, had rebounded to 10.5% in September, compared with 4.2% last year. 

“Improved consumer and business confidence, and strong liquidity flows have helped to deliver a faster than expected recovery in economic

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