BoG Worried Over High Lending Rates
The governor of the Bank of Ghana (BoG) Dr. Abdul Nashir Issahaku has described as worrying the country’s current average lending rate which is hovering around 33 percent. According to the Dr....
Tag: economy
DKM Customers Bemoan ‘official’ Correspondence Ahead of Meeting
Customers anticipating payment of their locked up cash from the liquidation of assets of DKM Microfinance Company, are displeased about what they refer to as the lack of an ‘official’...
BoG Maintains Policy Rate At 26%
The chairman of the Monetary Policy Committee of the Bank of Ghana (BoG), Dr. Abdul-Nashiru Issahaku, has expressed worry over the current level of inflation, warning that it is still high compared...
Policy Rate Remains Unchanged At 26%
The Monetary Policy Committee of the Bank of Ghana has once again maintained its policy rate at 26 percent. This was arrived at the 72nd meeting of the committee after monitoring development of the...
MPC Announces Policy Rate Today
The Monetary Policy Committee (MPC) of the Bank of Ghana is expected to announce a new policy rate today, Monday September 19. It comes after a meeting on Friday September 16 by the MPC on the health...
Interest Rate Hits 33 Per Cent
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the latest central bank’s macroeconomic and financial data has shown. This is a...
Interest Rate Jumps To More Than A Decade High
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the latest central bank’s macroeconomic and financial data has shown. This is a...
Electing DCEs Could Draw Them To Municipal Bonds
South Africa does it; and Nigeria does it too, but the idea of local government authorities issuing bonds to fund infrastructure development has been snubbed in Ghana, and investment banker, Kojo...
Mobile Money Float Tops GHC700 Million
The total cash float from the various mobile money platforms to the banks reached GHC703.64million in July this year, representing a 48.3 per cent jump from July last year. Head of Payment Systems...
Prez. Mahama Announces New Allowances For Military
President John Mahama has approved an increase in the allowances of all soldiers who embark on peacekeeping missions to 700 dollars and allowance for all uniformed personnel has also been increased...
Is The National Health Insurance (NHIS) Working??????
I am not a politician, I just want to share my view as a Health Worker (Registered General Nurse), due to a long time observation and a recent incidence in my ward between myself and an old man. The...
Recession Is Adequate Reason To Cut Politicians Outrageous Pay
Is anyone serious about cutting politicians’ outrageous salaries and allowance? If this recession is not enough reason to deflate an economy that was pumped up by corruption for so many years, it...
Terkper Meets Local Investors On First Dollar Denominated Bond
Information gathered by Citi Business News indicates that government has commenced meetings with local investors to raise its first dollar denominated bond locally. The Finance Minister, Seth Terkper...
Multinationals To Be Listed On Ghana Stock Exchange
The Securities and Exchange Commission (SEC) has given indication some multinational companies have initiated processes to list on the Ghana Stock Exchange (GSE), from next year. It comes on the back...
Political Marketing
What is Political Marketing Political marketing is a very new discipline of marketing that was ‘formally’ created 10-15 years ago. Basically presidents, prime ministers, mayors (in big cities),...
China Business Confidence Rises Again
Confidence among Chinese entrepreneurs has picked up for the second quarter running, according to the country's central bank. People's Bank of China surveys showed the business confidence index...
UNECE To Hold Trade Facilitation Training In Accra
United Nations Economic Commission for Europe (UNECE) in collaboration with the Ghana Revenue Authority (GRA) would organize a five-day training workshop in Accra for Trade Facilitation stakeholders....
German Protest At Transatlantic Deals
Tens of thousands of people have been protesting in cities across Germany against a proposed transatlantic trade deal between the EU and the US. Protesters say the Transatlantic Trade and Investment...
IMF Awaits Operational Update On Cash-Strained SOEs
The Ministry of Finance is due to present data on the financial status and performance of some state-owned enterprises (SOEs) to the International Monetary Fund (IMF) later this month to pave the way...
COCOBOD Distributes Seedlings To Farmers To Increase Production
In a bid to increase cocoa production in the country, the Ghana Cocoa Board (COCOBOD) has raised and distributed 60 million quality hybrid seedlings and four million permanent shade tree seedlings to...