Bond market turnover falls by 54% to ¢954.15m

January 31, 2023 The total turnover of the bond market declined by 54.8% to ¢954.15 million at the end of trading last week. According to market statistics, the slowdown in activity was primarily due to...

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January 31, 2023 / Comments (0)

Private sector credit contracts sharply by 14.5%

January 31, 2023 Private sector credit growth picked up in December 2022, partly reflecting continued portfolio rebalancing by banks and revaluation effects on foreign currency denominated credit, the Bank...

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January 31, 2023 / Comments (0)

Cedi depreciated by 19.1% to dollar in January 2023 – BoG

January 31, 2023 The Ghana cedi has depreciated by a substantial 19.1 per cent to the US dollar this January 2023. According to the Summary of Economic and Financial Data from the Bank of Ghana seen by...

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January 31, 2023 / Comments (0)

Ecobank wins best place to work in Africa 2022 award

January 30, 2023 Ecobank Group, the leading pan-African bank, has won the highly coveted Best Place to Work in Africa 2022 Award. The award honours organisations that exhibit the highest standards of...

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January 30, 2023 / Comments (0)

Tax payers can object to taxes imposed with right documents – Tax Expert

January 30, 2023 Tax Expert and Lead Partner at Deloitte Ghana, George Ankomah, has indicated that companies and tax payers have the right to object to taxes imposed by the Ghana Revenue Authority (GRA)...

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January 30, 2023 / Comments (0)

Policy rate increases to 28%; cost of loans to surge

January 30, 2023 The Monetary Policy Rate of the Bank of Ghana has increased its policy rate – the rate at which it lends to commercial banks – by 100 basis points to 28%. Within a year, the rate has...

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January 30, 2023 / Comments (0)

Fuel prices to increase by 7%-13% from February 1, 2023 – IES

January 30, 2023 The Institute for Energy Security (IES) is predicting between 7% and 13% jump in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG), from February 1, 2023, for the next two...

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January 30, 2023 / Comments (0)

Government and Association of Banks reach agreement on DDEP

January 27, 2023 Finally, there is an agreement between the government and the Ghana Association of Banks over the Domestic Debt Exchange Program. The Association had earlier instructed commercial banks to...

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January 27, 2023 / Comments (0)

2023 Banking and capital markets outlook

January 26, 2023 The Global Economy remains fragile going into 2023. Uncertainties abound due to an unprecedented confluence of factors— Russia’s invasion of Ukraine, supply chain disruptions, the...

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January 26, 2023 / Comments (0)

Policy rate to go up again – Bloomberg

January 20, 2023 The policy rate of the Bank of Ghana is likely to go up for the 7th time since November 2021. According to Bloomberg, the higher-than-expected jump in inflation in the last two months of...

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January 20, 2023 / Comments (0)