Central Bank
Commercial Banks With Local Ownership Still Dominant
The Bank of Ghana (BoG) has refuted reports that majority of commercial banks in the country are owned by foreigners....
10 Things You Never Knew About The African Gold Bank
MenzGold, a Ghana-based gold dealing company has been there for some years now. The organization however, started...
US Federal Reserve Keeps Benchmark Interest Rate Unchanged
The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday but gave no clear signal about the...
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...
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...
No-Show Inflation Poses Conundrum For US Fed
After tightening monetary policy last month for the second time this year, the US central bank is expected to pause for...
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...
IMF Approves Second Tranche of Egypt Loan
The International Monetary Fund has approved a second tranche of a $12 billion loan to Egypt, praising the country's...
Asian Markets Rally With Wall St As Yellen Sparks Buying Spree
Asian markets surged on Thursday, extending a global rally that saw another record on Wall Street after the head of the...
US Economy Needs Only ‘gradual’ Rate Hikes
Federal Reserve Chair Janet Yellen on Wednesday said even as the US economy grows stronger and employment expands, she...
Fed’s Yellen Still Sees Only ‘gradual’ Rate Hikes
Federal Reserve Chair Janet Yellen said Wednesday she still foresees only "gradual" interest rate increases in the few...
China’s Central Bank Mulls Further Yuan Reforms
China appears to be considering further reforms to its foreign exchange market such as reduced state meddling and freer...
Banks Facing Continuing Challenges
Research wing of Groupe Nduom (GN) conglomerate, GN Research, has stressed that reductions in the Monetary Policy Rate...
US Fed Sees Signs Business Investment To Boost Economy
The Federal Reserve said Friday it sees hopeful signs that business investment is poised to rebound from the doldrums...
US Fed Members Divided On Inflation Risk
US central bankers are divided over the risk of inflation and disagree over the timing of interest rate hikes into next...
US Fed Members Divided On Near-Term Inflation Risk
US central bankers are divided over the near-term risk of inflation and disagree over the timing of interest rate hikes...
Why Commercial Banks’ Minimum Lending Rates Do Not Drop At the Same Pace As BoG’s MPR Cut
The Bank of Ghana’s Monetary Policy Rate (MPR) has been lowered by 350 basis points from 26% in January to 22.5%....
No Bank Must Be Left Behind In Recapitalization Policy
The Chartered Institute of Bankers (CIB) is urging the Central Bank to consider a tiered recapitalization policy that...
Effect of Policy Rate Cut By BoG On Banking Industry
Central Banks use monetary policy rates as the benchmark for charging interest on loans and advances to commercial...