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 percent after holding it at 26 percent for months. The policy rate, which is the...
Tag: Monetary policy
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 IMF programme appears to have impelled a modicum of prudence in macroeconomic...
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 prepares to publish results of the Monetary Policy Committee meeting later this...
Terkper Hopes For Drop In Policy Rate
The Finance Minister, Mr Seth Terkper, expects the stability in the fiscal side of the economy to provide comfort to the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) and possibly prompt...
Banks Find Innovative Ways To Manage Liquidity
Over the past six years, banks have increased their appetite for funds from overnight lending and placements which they source under repurchase agreements (REPOS) as an alternative but less costly...
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 consultant and Principal Consultant at Osei Tutu II Centre for Executive Education &...
Time To Reduce Policy Rate Now
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...
Terkper Defends Raising Bond At 19%
The Finance Minister, Mr Seth Terkper, has defended the government’s decision to raise a GH¢438-million bond at a rate of 19 per cent, explaining that interest on the 10-year loan is the second...
President Mahama To Consider Capping Interest Rates
The President of Ghana John Dramani Mahama has hinted of moves to consider capping interest rates in the country. According to the President the high cost of doing business complained about by...
Trump Wins and the Bond Market Suffers
Donald Trump's promises to unleash massive infrastructure spending and gigantic tax cuts seem to be spooking the bond market. Lost in the post-election stock market euphoria is the fact that the bond...
MPC To Announce Policy Rate Next Monday
The Monetary Policy Committee (MPC) of the Bank of Ghana will next week Monday, announce its policy rate for commercial banks in the country. The announcement will conclude the MPC’s 73rd regular...
Bankers Split On Local Dollar Bond Issuance
The Chief Investment Strategist of Standard Chartered Bank Group, Steve Brice, has backed government’s recent decision to turn to the domestic capital market to raise capital by issuing its debut...
Inflation Drops To 15.8 Percent October
The figure represents a 1.4 percent reduction from the 17.2 percent recorded in September this year. This is higher compared to the monthly change rate for September which was 0.2 percent. According...
Terkper Believes ECG Can Settle Their US$60m Loan
The Ministry of Finance (MoF) has assured Parliament of the Electricity Company of Ghana’s (ECG) capacity to repay the on-lend loan of US$ 60 million which is meant for the phase II of the Ghana...
ECG Has Capacity To Repay US$60 Million Loan
The Ministry of Finance (MoF) has assured Parliament of the Electricity Company of Ghana’s (ECG) capacity to repay the on-lend loan of US$ 60 million which is meant for the phase II of the Ghana...
The Robust Botswanas Economy To GhanasFrail
Ever heard of the currency Pula? Well it’s one of the best performing and valuable currencies in Africa from the SADC of the south of Africa. What makes an economy robust that is stable and...
Election Blues To Impact Cedi Minimally – Analyst
The activities of speculators which cause the cedi to depreciate against some major trading currencies may have minimal impact on the currency as the elections approach. This is the position of some...
Astronomical Interest Rates, Killer of Businesses
One and five Ghana cedis notes. File photo. “Well, I do not think I will be able to go for the loan for us to undertake the project. The interest rate the financial institutions are quoting is too...
Banks To Raise Cost of Lending
Cost of borrowing is expected to go up in the coming months as some commercial banks are planning to adjust their lending rates upwards by about three per cent, Business Finder has leant. The banks,...
The Left’s Fed Up Makes A Naked Power Grab For Control Of The Fed
The left is undertaking an amazing back door plan to dramatically increase its influence over the Fed’s interest-rate-setting Open Market Committee. The key activist group, a division of the Center...