Policy Rate Down To 21%
Monetary Policy Committee of the Bank of Ghana (BoG) has reduced the policy rate of June from 22.5 per cent to 21 per cent for July. Governor of the Bank of Ghana, Dr. Ernest Addison, disclosed at...
Tag: bank of ghana
Policy Rate Pegged At 21%
Policy rate has been reduced to 21 per cent, thus a 150 basis point. This is the fourth time in the year that the Monetary Policy Committee (MPC) of the Bank of Ghana has reduced its policy by 150...
BoG Reduces Policy Rate By 150 Basis Points
The Bank of Ghana has reduced its policy rate to 21 percent. The figure represents a 150 basis points reduction from the 22.5 percent. This is the third consecutive time that the policy rate has been...
Ghana’s Debt Stock Reaches GHS137bn
New figures from the Bank of Ghana(BoG) has shown that the country’s total public debt as at May this year was GHS137.2 billion. By this, the debt-to-GDP ratio is now at 67.5%. Tis was contained...
Debt To GDP, Debt Stock and Matters Arising
In 2016, the issue about debt stock and debt to GDP ratio were important part of public financial and economic management discourse in Ghana. Discussions about the economy is still focused on these...
Banks’ Interests On Car Loans Drop To 31.1 % In June
Banks’ interests on car loans drop to 31.1 % in June The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana shows that Unibank offers the highest rate on...
Ghana’s Debt Stock Hits C137 Billion
The total public debt for the country as at May this year has reached ¢137 billion putting the debt-to-GDP ratio at 67.5%, a summary of economic and financial data released by the Bank of Ghana has...
Gov’t Commits Over $2.5b For Job Creation
In just six months of governance, President Nana Addo Dankwa Akufo-Addo’s administration has unveiled commitments totaling over $2.5 billion to propel the establishment and revival of private...
Midyear Outlook: 74% of Banks Fail To Match Reduction In MPR
A GN Research analysis of Bank of Ghana’s (BoG) annual percentage rates (apr) and average interest (ai) have shown that 74% of banks in the country failed to match the 300 basis point reduction in...
GN Bank Wins Award
GN Bank has been adjudged the best growing bank at the 16th Edition of the Ghana Banking Awards (GBA) held in Accra recently. The bank was also named the second runner-up for Trade Finance at the...
Akufo-Addo’s Statement At 1st Media Encounter
INTRODUCTORY STATEMENT BY THE PRESIDENT OF THE REPUBLIC, NANA ADDO DANKWA AKUFO-ADDO, AT THE 1ST MEDIA ENCOUNTER, AT THE BANQUET HALL OF THE PRESIDENCY, ACCRA, ON TUESDAY, 18TH JULY, 2017 Let me...
Nana Addo’s Speech At Maiden Meeting With Journalists [Full Text]
President Akufo-Addo on Tuesday, July 18, 2017 met with journalists at the Flagstaff House to account for his stewardship to Ghanaians after 6 months in office. The meeting was to afford journalists...
IMF Deal Will Not Be Extended – Nana Addo
President Akufo Addo has stated emphatically that the government will not extend the deal with the international Monetary Fund (IMF). He says the government will end the program within the scheduled...
IMF Deal Will Not Be Extended – Nana Addo
President Akufo Addo has stated emphatically that the government will not extend the deal with the international Monetary Fund (IMF). He says the government will end the program within the scheduled...
CSOs Platform Calls For An Extension of IMF Programme
The Civil Society Organisations’ Platform on Ghana IMF programme says an extension of the package will best serve the nation’s interest since it will allow for better implementation of the...
CSOs Platform Wants IMF Programme Extended
The Civil Society Organisations Platform is advocating an extension of Ghana’s IMF programme, saying the package will best serve the nation’s interest since it will allow for better...
Fidelity Bank Grows Agent Network
Largest privately owned Ghanaian bank, Fidelity Bank has expanded its agent network to make its services readily available to all customers and potential customers of the Bank. Under its Agency...
Average Interest On Deposits Drops Marginally In June
The average interest offered by banks on customer deposits dropped by 2.67 percent between May and June 2017. According to the latest Annual Percentage Rates (APR) and Average Interest (AI) report...
Govt To Raise GHc17.4 Bn In Third Quarter
Government is seeking to raise 17.4 billion cedis in the third quarter of this year from the securities market. The cash accrued will be used to rollover maturities as well as to take care of...
Govt To Raise GHc17.4 Bn In Bonds Next Month
Government is seeking to raise 17.4 billion cedis in the third quarter of this year from the securities market. The cash accrued will be used to rollover maturities as well as to take care of...