Ukraine took over its largest bank on Monday in a move backed by Kiev's international donors to protect the country's financial system and accompanied by an appeal for calm and assurances to...
The central bank’s policy rate could fall below 20 percent in the coming year, the first time since 2014, a forecast by RMB Global Markets Research, a South Africa-based research firm has said. The...
The government should not attempt to introduce legislation to cap interest rates because the consequences could be dire, Frank Adu, Managing Director of CAL Bank, has said, agreeing with other...
The Managing Director of CAL Bank, Frank Adu Junior, has called for a proper assessment of the Bank of Ghana’s new process of releasing dollars to banks through auctioning. The Central Bank, on...
The Bank of Ghana (BoG) has warned that it will not license financial institutions that do not meet the criteria set out by the bank. There are concerns that the number of banks in Ghana may shoot up...
The average interest paid on deposits in the banking sector has seen a continues decline in three consecutive months, even as banks bid to attract deposits with various promotions, at a time cheap...
The Bank of Ghana(BoG) has refuted claims that the issuance of dollar denominated bond in the country will drain dollar accounts of banks. Government recently raised a total of 94.62 million dollars...
The start of the week saw the Monetary Policy Committee (MPC) of the Bank of Ghana announcing a reduction in the policy rate by 50 basis points to 25.5 per cent. Previously, the rate had held at 26...
The Bank of Ghana has directed embattled Managing Director of the ARB Apex Bank, Kwadwo Aye Kusi, to proceed on leave, effective Monday, November 28, 2016, the B&FT has gathered. A letter from the...
The Governor of the Bank of Ghana (BOG) Dr. Abdul-Nashiru Issahaku has disclosed of an ongoing investigation into the current happening at the ARB Apex Bank, “Central Bank” for all Rural and...
Some financial analysts are anticipating that the Bank of Ghana (BoG) will sustain the decision to reduce further, its policy rate to ease access to credit to businesses. According to them,...
Economist, Dr. Lord Mensah has ruled out an immediate reaction from commercial banks following the reduction of the policy rate. Though he has lauded the Bank of Ghana (BoG)’s decision to reduce...
Economist, Dr. Lord Mensah has ruled out an immediate reaction from commercial banks following the reduction of the policy rate. Though he has lauded the Bank of Ghana (BoG)’s decision to reduce...
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has reduced the policy rate by 50 basis point to 25.5 percent after holding it at 26 percent for months. The policy rate, which is the...
As the Monitory Policy Committee of the central bank meets today, expectations of a policy rate cut are high, as the IMF programme appears to have impelled a modicum of prudence in macroeconomic...
There is currently heightened tension in ARB Apex Bank, “Central Bank” for all Rural and Community Banks” (RCBs) in Ghana, relating to the likely renewal of the appointment of its Managing...
There is growing expectation on the Bank of Ghana (BoG) to announce a reduction in the policy rate as the governor prepares to publish results of the Monetary Policy Committee meeting later this...
Currency dealers were accused of exchanging naira at a rate lower than 400 naira to $1. Nigerian intelligence agents have raided offices of black market currency dealers accused of exchanging the...
Some bankers have warned any move by Government to cap interest rates in Ghana will end in a disaster. Banking consultant and Principal Consultant at Osei Tutu II Centre for Executive Education &...
The business community, backed by some economists have intensified renewed calls for the central back to strongly consider cutting its policy rate to induce growth following the decline in inflation...
