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Ghana imposes record interest rate hike to slow inflation

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Ghana's central bank announced its biggest ever interest rate hike in 20 years on Monday as it seeks to slow rampant inflation that threatens to create a debt crisis in the country's economy.

The Bank of Ghana raised its main lending rate by 250 basis points to 17%, signalling an aggressive stance against the rocketing price of goods.

Atiewin Mbillah-Lawson Reports 

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Ghana imposes record interest rate hike to slow inflation

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