Central Bank
Policy Rate Seen Falling Below 20% Next Yr
The central bank’s policy rate could fall below 20 percent in the coming year, the first time since 2014, a forecast...
Capping Interest Rates Could Be ‘disastrous’
The government should not attempt to introduce legislation to cap interest rates because the consequences could be...
Dollar Auction Will Be Productive If …
The Managing Director of CAL Bank, Frank Adu Junior, has called for a proper assessment of the Bank of Ghana’s new...
We’ll Not License Institutions That Fall Short of Banking Requirement- BoG
The Bank of Ghana (BoG) has warned that it will not license financial institutions that do not meet the criteria set...
Interest On Deposits Continues To Taper Off
The average interest paid on deposits in the banking sector has seen a continues decline in three consecutive months,...
Criticisms of Dollar Denominated Bond Misplaced – BoG
The Bank of Ghana(BoG) has refuted claims that the issuance of dollar denominated bond in the country will drain dollar...
You and Low Interest Rates
The start of the week saw the Monetary Policy Committee (MPC) of the Bank of Ghana announcing a reduction in the policy...
BOG Asks Apex Bank MD To Proceed On Leave
The Bank of Ghana has directed embattled Managing Director of the ARB Apex Bank, Kwadwo Aye Kusi, to proceed on leave,...
Bank of Ghana Investigates ARB APEX Bank
The Governor of the Bank of Ghana (BOG) Dr. Abdul-Nashiru Issahaku has disclosed of an ongoing investigation into the...
Interests On Loans To Drop If …
Some financial analysts are anticipating that the Bank of Ghana (BoG) will sustain the decision to reduce further, its...
‘Reduced’ Policy Rate Not Good For Businesses
Economist, Dr. Lord Mensah has ruled out an immediate reaction from commercial banks following the reduction of the...
‘Reduced’ Policy Rate Not Good For Businesses
Economist, Dr. Lord Mensah has ruled out an immediate reaction from commercial banks following the reduction of the...
BoG Reduces Policy Rate To 25.5%
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has reduced the policy rate by 50 basis point to 25.5...
All Eyes On BoG To Prune Year-Long Policy Rate
As the Monitory Policy Committee of the central bank meets today, expectations of a policy rate cut are high, as the...
UNICOF Demands Removal of MD of ARB APEX BANK
There is currently heightened tension in ARB Apex Bank, “Central Bank” for all Rural and Community Banks” (RCBs)...
Financial Observers Expect A Reduction Today
There is growing expectation on the Bank of Ghana (BoG) to announce a reduction in the policy rate as the governor...
State Security Raids Nigerian Currency Dealers
Currency dealers were accused of exchanging naira at a rate lower than 400 naira to $1. Nigerian intelligence agents...
Bankers Warn Government Against Capping Interest Rates
Some bankers have warned any move by Government to cap interest rates in Ghana will end in a disaster. Banking...
Time To Reduce Policy Rate Now
The business community, backed by some economists have intensified renewed calls for the central back to strongly...