Monetary Policy Committee (MPC) On External Sector Developments

Merchandise trade deficit for January to May 2014, according to provisional estimates, contracted sharply on the back of a significant decline in imports, outpacing the slowdown in exports, Dr Henry Kofi Akpenamawu Wampah, Governor of the Bank of Ghana (BoG), has disclosed. Dr Wampah, who was addressing a news conference in Accra on Wednesday after the 60th meeting of the Monetary Policy Committee (MPC), said total merchandise exports amounted to US$5.9 billion, down by 7.5 per cent from the US$6.3 billion Read Full Story