Nigeria’s troubled economy will record tremendous improvement by the third quarter of the year, the Central Bank of Nigeria (CBN), has predicted. The Director of Banking Supervision of CBN, Mr...
The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25% on Wednesday and signaled another increase remains likely this year, despite the recent spate of weak...
The interest charged by banks and other lending financial institutions on loans and advances to individuals and corporate clients, has consistently declined over the past five months. According to...
For the second time this year, the US central bank appears poised to raise interest rates despite fresh signs the world's largest economy is not in peak condition. The recent soft numbers on the...
China's yuan jumped to a near seven-month high Thursday, fuelling speculation that the government was pulling strings to prop up the beleaguered currency in response to last week's credit rating...
US central bank policymakers want to see proof the country's economic slowdown is temporary before they raise interest rates, according to minutes of their latest meeting. They said it would be...
The Bank of Ghana is set to increase the minimum capital of banks from GH¢120 million to GH¢200 by July this year, following extensive engagements with stakeholders in the financial sector. This is...
The Private Enterprise Federation has lauded the move by the Bank of Ghana to reduce the MPC rate by 100 basis points although they admit that a further reduction would have had a greater impact on...
The central bank is putting on hold its move to announce a further increase in the minimum capital requirement for commercial banks in the country, 3FM Business can confirm. The Bank of Ghana had...
The Monetary Policy Committee of the Bank of Ghana has reduced the monetary policy rate from the previous 23.5 per cent to 22.5 per cent. The rate has, therefore, been reduced by 100 basis points....
In what may appear to be a disappointing news for industry, some economists are predicting that the central bank will maintain the monetary policy rate in its next review instead of further reducing...
Bank of Baroda emerged as the best place to secure credit according to the latest Average Interest and Annual Percentage Rate APR released by Bank of Ghana (BoG). The report assessed the actual rates...
CEOs of some banks have cautioned the Central Bank to be circumspect in the implementation of the soon-to-be-announced increase in the minimum capital requirements. According to them, it will be...
Japan has posted its longest economic expansion in over a decade, government data showed Thursday, chalking up a win for Tokyo's growth bid even though the battle to conquer deflation is still far...
The Ghanaian banking system is growing at a fast pace with the number of commercial banks increasing each year. Most savings and loans and microfinance institutions are working very hard around the...
Aggressive recapitalisation, which could force mergers and acquisitions, should not be forced on banks, Felix Nyarko-Pong, Managing Director of uniBank, has said. Instead, he argues, financial...
Some financial analysts are not hopeful the reported recapitalization of about 250 million cedis yet to be announced by the Bank of Ghana will cause mergers to reduce the number of banks in the...
The Chartered Institute of Bankers (CIB) is highly confident of the industry’s ability to meet the proposed increase in the minimum capital requirement for banks. The Institute contends that the...
Figures from the US Department of Labour also showed the unemployment rate dropped slightly to 4.4%, compared with 4.5% in March. The rebound in the jobs market could pave the way for the US central...
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
