As the Monitory Policy Committee of the central bank meets today, expectations of a policy rate cut are high, as the IMF programme appears to have impelled a modicum of prudence in macroeconomic...
The business community, backed by some economists have intensified renewed calls for the central back to strongly consider cutting its policy rate to induce growth following the decline in inflation...
Some economists have backed the Bank of Ghana’s proposal to introduce economic capital requirement for banks as part of strategies to reform and strengthen the banking industry. Economic capital is...
The Governor of the Bank of Ghana (BoG), Dr. Abdul-Nashiru Issahaku, has lamented over the high cost of credit in Ghana. According to him, it is a major problem confronting the banking industry,...
The Governor of the Bank of Ghana (BoG), Dr. Abdul-Nashiru Issahaku, has admitted that the high cost of credit in Ghana is a major problem confronting the banking industry, saying he’s been having...
The Governor of the Bank of Ghana (BoG), Dr. Abdul-Nashiru Issahaku, has admitted that the high cost of credit in Ghana is a major problem confronting the banking industry, saying he’s been having...
Contrary to government’s denial of a weakening economy, Business Finder can confirm that the same government has admitted difficult economic times to the International Monetary Fund (IMF). A letter...
The hassle farmers face with financing is expected to ease as the Bank of Ghana (BoG) has finally introduced an initiative to address the challenge. The project dubbed “the Ghana Incentive–Based...
Attempts by the central bank to hem in inflation continue to yield less than satisfactory results, as a 0.3percent rise in September appears to confirm the Statistical Service’s suspicion that...
The Bank of Ghana (BoG) has reacted to media reports that it spent $504,000 on gold watches for its staff as end of service benefit. According to the media reports, the BoG spent $504,000 which is...
Finance Minister Seth Terpker is leading government’s delegation to the International Monetary Fund (IMF)/World Bank meetings which open in Washington DC from October 4 to 14. He is joined by the...
The Ghana Association of Bankers (GAB) says the ongoing restructuring of Volta River Authority (VRA) legacy debts on the books of some local banks is on course. The process would show a reduction of...
The minimum capital requirement for commercial banks in the country could be increased to Gh¢500 million from next year. This is what JOY BUSINESS has picked up from persons close to reviewing the...
Ghana’s headline inflation is likely to slow further downwards raising prospects of a series of interest rate cuts as the government moves to spur growth. The country’s headline inflation rose to...
Banks have admitted their inability to take the entire US$1.8 cocoa loan at once, an admission that supports moves by the central bank to delay direct transfers of the loan into the banking sector...
The Governor of the Bank of Ghana, Dr. Abdul Nashiru Issahaku has asked banks to step up efforts in stemming the incidence of electronic fraud (e-fraud) in order to save the country from being...
The Bank of Ghana (BoG) is projecting that the cedi may appreciate significantly against the dollar and other foreign currencies like the British Pound and Euro at the last quarter of 2016. According...
The Governor of the Bank of Ghana (BoG), Dr Abdul Nashiru Issahaku, has given the strongest indication that with the debt owed to commercial bank by the Volta River Authority (VRA) now partly...
Citi Business News has gathered that Ghana will soon start inviting bids for the auctioning of the foreign-exchange proceeds from the Ghana Cocoa Board’s syndicated loans for the 2016/2017 crop...
The Bank of Ghana (BoG) has set up a technical committee to advice it on new modalities to be used in increasing the minimum capital of banks. The setting up of the committee followed the outcome of...
