Interest Rate Hits 33 Per Cent
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the latest central bank’s macroeconomic and financial data has shown. This is a...
Tag: bank of ghana
Interest Rate Jumps To More Than A Decade High
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the latest central bank’s macroeconomic and financial data has shown. This is a...
Mobile Money Float Tops GHC700 Million
The total cash float from the various mobile money platforms to the banks reached GHC703.64million in July this year, representing a 48.3 per cent jump from July last year. Head of Payment Systems...
Apologise Or Meet Us In Court – DKM Customers To Asiedu Nketia
The General Secretary of the governing National Democratic Congress (NDC), Johnson Asiedu Nketia, should render “an unreserved, unconditional, unqualified apology” to victims of the recent...
DKM Customers Cancel Demo Against Mahama
A planned demonstration against President Mahama on Saturday by aggrieved customers of micro-finance companies closed down for operating a ponzi scheme has been cancelled. In what appears to be the...
Read Full Text of NDC’s 2016 Manifesto
President John Mahama officially launched the 2016 manifesto of the National Democratic Congress (NDC) in Sunyani on Saturday. With all the stalwarts of the party present, the 80-page document titled...
Amissah-Arthur Has Been ‘useful’
Mr Kwesi Amissah-Arthur’s “calm disposition and sharp insights have been very useful to me in executing my mandate as president”, Mr John Mahama has said. Launching the governing National...
‘I’ll Destroy Bawumia’s Lies One By One’ – Amissah Arthur
Vice President, Kwesi Amissah-Arthur, has said he will challenge each of the “lies” peddled by running to the NPP’s running mate, Dr. Mahamudu Bawumia. Speaking at the launch of the National...
Don’t Believe Bawumia’s ‘spurious Lies’
The recently held public lecture by Dr Mahamudu Bawumia is “full of lies” and he will be stripped naked henceforth, vice president Kwesi Amissah-Arthur has served notice. According to...
BoG Refunds GH¢133,000 To Assembly
The Bank of Ghana has refunded an amount of GH¢133, 000 to the Ahafo Ano South District Assembly in the Ashanti Region, being part of the money reportedly stolen from the assembly’s account four...
IMF Awaits Operational Update On Cash-Strained SOEs
The Ministry of Finance is due to present data on the financial status and performance of some state-owned enterprises (SOEs) to the International Monetary Fund (IMF) later this month to pave the way...
Wobbly Inflation Dampens Hopes of Policy Rate Cut
Hopes that the central bank could cut its long held policy rate as its Monetary Policy Committee (MPC) meets, have been blunted by a marginal rise in inflation for the past month, fueled by fears...
Bawumia’s Lecture: Only Four Out of Eight Claims True
The Media Foundation for West Africa (MFWA) is disputing some facts presented by Dr. Mahamudu Bawumia, vice presidential candidate of the New Patriotic Party (NPP) at his recent economic lecture...
Government Admits No Cash For Salaries
The government of the National Democratic Congress (NDC) has admitted that it does not have money to pay its workers and therefore has been borrowing from the money market at high interest rates. The...
Government Has Money To Spend
The Finance Ministry has reacted to a publication which suggested that government has no money to pay salaries,but in a press statement,the Ministry has strongly indicated that it has funds available...
BDCs Debt Payment Plan With Governement In Limbo?
Fears of a likely collapse of a number of banks in the country have been reinforced following new revelations that government may not abide by the agreed payment plan to clear debts owed banks by...
Koku Anyidoho Gets New Job In NPP
The Deputy General Secretary of the National Democratic Congress (NDC). Koku Anyidoho has been offered a job in the opposition New Patriotic Party (NPP) in the run up to the 2016 General Elections....
Koku Ayidoho Gets New Job In NPP
The Deputy General Secretary of the National Democratic Congress (NDC). Koku Anyidoho has been offered a job in the opposition New Patriotic Party (NPP) in the run up to the 2016 General Elections....
SMEs To Benefit From $50 Million Fund
About 15 Small and Medium scale Enterprises (SMEs) in Ghana and Ivory Coast are expected to benefit from a 50 million dollar fund by private equity firm Oasis Capital. The Oasis Africa Fund was...
Gov’t Committed To Paying September Salaries On Time
Government has assured civil servants about its commitment to pay September salaries on time contrary to reports making the rounds. This is in response to a Daily Guide newspaper publication of...