Inflation Drops By 1.5% To 10.3% In January
Inflation rate for January 2018 dropped by 1.5% from the 11.8% recorded in December last year to was 10.3%. Acting government statistician, Dr. Baah Wadieh, attributed the decrease to a...
Tag: Public finance
US Fed To Meet Amid Weak Inflation
The US Federal Reserve was due to open a two-day monetary policy meeting on Tuesday but is widely expected to leave the key interest rate untouched after raising it twice so far this year. Markets...
Policy Rate Down To 21%
Monetary Policy Committee of the Bank of Ghana (BoG) has reduced the policy rate of June from 22.5 per cent to 21 per cent for July. Governor of the Bank of Ghana, Dr. Ernest Addison, disclosed at...
No-Show Inflation Poses Conundrum For US Fed
After tightening monetary policy last month for the second time this year, the US central bank is expected to pause for the next few months to monitor developments. The Federal Reserve will leave the...
Banks Facing Continuing Challenges
Research wing of Groupe Nduom (GN) conglomerate, GN Research, has stressed that reductions in the Monetary Policy Rate (MPR) will continue to have marginal effect on commercial bank rates so far as...
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 another increase remains likely this year, despite the recent spate of weak...
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 world's largest economy is not in peak condition. The recent soft numbers on the...
Akufo-Addo’s Address At World Bank Forum
It is my great pleasure to welcome you all to Ghana, and to the third, 2017 Development Finance Forum. As we say in Ghana, “Akwaaba!” You are amongst a people who pride themselves on their sense...
FirstBanC Expects 22.5% Policy Rate To Boost Growth
FirstBanC Financial Services Ltd (FirstBanC), is expecting the reduction in policy rate from 23.5 to 22.5 percent to further boost Ghana’s economic growth. The Monetary Policy Committee of the Bank...
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 to 22.5 per cent. The rate has, therefore, been reduced by 100 basis points....
Economist Pushes For A Reduction In Policy Rate
Ahead of the announcement of a new policy rate by the Bank of Ghana on Monday, some economists are predicting a further drop in the policy rate. Economist Professor Godfred Bokpin explains to Citi...
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 maintain the monetary policy rate in its next review instead of further reducing...
Fed’s Fischer Says Rate Hikes Unlikely To Roil World Markets
As the global recovery has taken firmer hold, gradual US interest rate increases are unlikely to roil world markets or cause undue problems for policymakers, a top Federal Reserve official said...
Macroeconomic Performance To Influence Policy Rate
Despite high expectation on the part of the private sector for the Bank of Ghana(BoG) to reduce the policy rate due to government’s policy direction, some financial observers maintain that...
Macroeconomic Performance To Influence Policy Rate- Prof. Quartey
Despite high expectation on the part of the private sector for the Bank of Ghana(BoG) to reduce the policy rate due to government’s policy direction, some financial observers maintain that...
Declining Inflation, ‘stable’ Cedi To Signal Drop In Policy Rate
Economists are highly expectant of a reduction in the policy rate by the Monetary Policy Committee (MPC) of the Bank of Ghana as the Committee prepares to announce its new rate next Monday. They cite...
Akufo-Addo’s Elephant Sized Gov’t Is Unacceptable
In keeping to the huge size of its political symbol, the elephant, Minority Leader Haruna Iddrisu says President Nana Akufo-Addo has appointed an elephant-sized government that will invariably feed...
2017 Budget Not A Panacea To Reduce Policy Rate
Despite government’s intention to pursue a pro business economic agenda in its fiscal policies, some financial observers are skeptical the managers of the monetary policy will respond by reducing...
2017 Budget Not A Panacea To Reduce Policy Rate- Economist
Despite government’s intention to pursue a pro business economic agenda in its fiscal policies, some financial observers are skeptical the managers of the monetary policy will respond by reducing...
China Cuts Growth Goal, Puts Focus On Reform and ‘firewall’ Against Risks
China has cut its growth target this year as the world's second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a "firewall" against financial risks....