BoG Reduces Policy Rate To 23.5%
Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has significantly reduced its key lending to commercial banks, the biggest cut in rate in almost 10 years. This represents a 200 basis...
Tag: bank of ghana
Reduction In Policy Rate Great Impact On the Economy
Mr. Jerry Afolabi, an economist, has said the reduction in the policy rate announced by the Central Bank was laudable and will relieve business owners. The Monetary Policy Committee of the Bank of...
Parts of Ameri Deal Didn’t Get Parliamentary Approval – Report
Parts of the $510million power deal between Ameri Energy and the Government of Ghana (GoG) did not get parliamentary approval, the 17-member Philip Addison Committee which reviewed the entire deal...
Ghana’s Public Debt Hits 72.5% of GDP
Ghana’s public debt has hit GH¢ 122.3billion representing 72.5% of GDP at the end of February 2017, according to the Bank of Ghana’s Summary of Economic and Financial Data released over the...
Ghana Records Over $500m Trade Surplus In February 2017
New figures from the Bank of Ghana have revealed that Ghana’s total balance of trade for February 2017 recorded a surplus of 573 million dollars. This is equivalent to 1.3 percent of Gross Domestic...
Proposed BoG-Sibton Switch Contract Cancellation
There are indications that the Interoperability for mobile money contract awarded Sibton Switch Systems by the Bank of Ghana is being tempered with and a total cancellation being considered. And...
Ghana’s Monetary Policy Rate Pegged At 23.5%
The Bank of Ghana has fixed the country’s monetary policy rate at 23.5 per cent, indicating a 200 basis point reduction from the previous rate of 25.5 per cent. The new figure was announced Monday...
Reduction In Policy Rate Long Overdue- Economist
Economist, and Head of Finance Department at the University of Ghana Business School, Professor Godfred Bokpin has criticized the Bank of Ghana for delaying in announcing a reduction in the policy...
Government Clears Off GHc588m of The VRA Debts
Government has cleared off GH¢588 million out of the whopping GH¢2.4 billion Ghana legacy debts. The amount is part of the monies owed by the Volta River Authority (VRA) to local banks and its...
BoG Reduces Policy Rate To 23.5%
The Monetary Policy Committee of the Bank of Ghana has reduced the policy rate to 23.5 percent. This represents a 200 basis point reduction from the previous figure; 25.5 percent. Governor of the...
BoG Cuts Policy Rate To 23.5%
The Monetary Policy Committee (MPC) of the Bank of Ghana has reduced the Monetary Policy Rate by 200 basis points to 23.5 percent. At the 75th regular MPC meeting, Governor of the central Bank Dr....
BoG Reduces Policy Rate To 23.5%
The Monetary Policy Committee of the Bank of Ghana has reduced the policy rate to 23.5 percent. This represents a 200 basis point reduction from the previous figure; 25.5 percent. Governor of the...
Industry Upbeat About A Drop In Policy Rate
Industry players are upbeat about a possible reduction in the policy rate to be announced by the Bank of Ghana later today. Their hopes are largely built on the declining inflation as well as drop in...
BoG Expected To Cut Policy Rate
The Monetary Policy Committee of the Central Bank of Ghana (BoG) is widely expected to loosen its tight monetary stance, after inflation trended downwards for the fifth consecutive time and the local...
Macroeconomic Performance To Influence Policy Rate
Despite high expectation on the part of the private sector for the Bank of Ghana(BoG) to reduce the policy rate due to government’s policy direction, some financial observers maintain that...
Macroeconomic Performance To Influence Policy Rate- Prof. Quartey
Despite high expectation on the part of the private sector for the Bank of Ghana(BoG) to reduce the policy rate due to government’s policy direction, some financial observers maintain that...
Public Debt of GH122 Billion For End of 2016 Could Still Increase
The current public debt of GHC122.3 billion for-end-of last year could increase further when the final numbers are released Joy Business checks reveal. Although figures released by the central bank...
Cedi Depreciation In March Was 5% – BoG Report
Latest figures by the Bank of Ghana have shown that the cedi’s depreciation against the dollar for March 2017, is five times more than the rate of depreciation recorded in the same period in 2016....
Cedi Depreciation In March Was 5%
Latest figures by the Bank of Ghana have shown that the cedi’s depreciation against the dollar for March 2017, is five times more than the rate of depreciation recorded in the same period in 2016....
IT Consortium CEO Calls For Regulatory Postponement On Fintech
Mr Romeo Bugyei, Chief Executive Officer of IT Consortium has appealed to government to allow the Financial Technology (Fintech) industry in Ghana to grow and be fully established in order to foster...