Central Bank
US Fed Raises Key Interest Rate To 1.0-1.25%, Signals One More Hike
The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25% on Wednesday and signaled...
Interest On Loans Continue To Decline
The interest charged by banks and other lending financial institutions on loans and advances to individuals and...
US Fed To Raise Rates Despite Sluggish Economic Data
For the second time this year, the US central bank appears poised to raise interest rates despite fresh signs the...
Beijing’s Hand Seen As Yuan Hits Nearly 7-Month High
China's yuan jumped to a near seven-month high Thursday, fuelling speculation that the government was pulling strings...
Dollar Slips After Cautious Fed Minutes
US central bank policymakers want to see proof the country's economic slowdown is temporary before they raise interest...
BoG Sets GHc200m Capital For Banks
The Bank of Ghana is set to increase the minimum capital of banks from GH¢120 million to GH¢200 by July this year,...
Stable Economy To Push Down Interest Rates – PEF
The Private Enterprise Federation has lauded the move by the Bank of Ghana to reduce the MPC rate by 100 basis points...
BoG Shelves Decision To Increase Minimum Capital Requirement
The central bank is putting on hold its move to announce a further increase in the minimum capital requirement for...
Policy Rate Drops Further To 22.5%
The Monetary Policy Committee of the Bank of Ghana has reduced the monetary policy rate from the previous 23.5 per cent...
Monetary Policy Rate Likely To Be Maintained At 23.5 Percent
In what may appear to be a disappointing news for industry, some economists are predicting that the central bank will...
Bank of Baroda Best Place To Secure Credit – BOG APR
Bank of Baroda emerged as the best place to secure credit according to the latest Average Interest and Annual...
Banks Warn BoG Over Minimum Capital Requirement
CEOs of some banks have cautioned the Central Bank to be circumspect in the implementation of the soon-to-be-announced...
Japan’s Economy Posts Longest Expansion In A Decade
Japan has posted its longest economic expansion in over a decade, government data showed Thursday, chalking up a win...
Recapitalization As A Means of Transforming Ghana’s Banking Sector
The Ghanaian banking system is growing at a fast pace with the number of commercial banks increasing each year. Most...
Huge Recapitalisation Alone Not Answer To Banks’ Woes
Aggressive recapitalisation, which could force mergers and acquisitions, should not be forced on banks, Felix...
Peg Banks Recapitalization At GHS500m To Urge Mergers
Some financial analysts are not hopeful the reported recapitalization of about 250 million cedis yet to be announced by...
Banks Could Meet Increased Capital Requirement – Institute of Bankers
The Chartered Institute of Bankers (CIB) is highly confident of the industry’s ability to meet the proposed increase...
US Jobs Growth Accelerates In April
Figures from the US Department of Labour also showed the unemployment rate dropped slightly to 4.4%, compared with 4.5%...
High NPLs Threaten BoG’s Minimum Capital Drive
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the...