News

2023 KPMG Survey: Ecobank Ghana tops retail banking segment’s ability to resolve customer resolution

January 17, 2024 Ecobank Ghana topped the retailing banking segment’s ability to resolve resolution or ‘turning a poor customer experience into a great one’, the 2023 KPMG West Africa Banking...

Written by:

January 17, 2024 / Comments (0)

Bond market: Total turnover dips by 0.52% week-on-week to GH¢836.30m

January 17, 2024 Trading activity on the secondary bond market dipped 0.52% week-on-week to GH¢836.30 million. Notably, the February 2028 (Coupon: 8.5%) bond gained traction as it constituted 55% of the...

Written by:

January 17, 2024 / Comments (0)

T-bills auction: Interest rates ease again; government records 46.7% oversubscription

January 17, 2024 Interest rates eased again as treasury bills auction was oversubscribed by a whopping 46.7%. This follows another decline in headline inflation and an agreement between Ghana and its...

Written by:

January 17, 2024 / Comments (0)

BoG to cut policy rate by 8% to 22% in 2024 – Fitch Solutions

January 17, 2024 Fitch Solutions has stated that the Bank of Ghana will embark upon a sizeable monetary easing cycle, cutting the policy rate by a cumulative 800 basis points to 22.00% by the end of 2024....

Written by:

January 17, 2024 / Comments (0)

Cedi weakened 1.22% to dollar last week; one dollar going for ¢12.30

January 16, 2024 The cedi weakened 1.22% to the US dollar in the retail market last week, following depreciation pressures. It also lost 0.65% to the pound and 0.19% against the euro on the retail market,...

Written by:

January 16, 2024 / Comments (0)

IMF bailout: Govt reaches agreement with Official Creditors on debt treatment

January 15, 2024 The government has announced that it has reached an agreement with its Official Creditors in restoring debt sustainability in line with the International Monetary Fund (IMF) programme...

Written by:

January 15, 2024 / Comments (0)

AI to cut 40% of jobs globally – IMF

January 15, 2024 Almost 40.0% of global employment is exposed to Artificial Intelligence, the International Monetary Fund has stated in its new analysis. Historically, it said, automation and information...

Written by:

January 15, 2024 / Comments (0)

Ghana’s economy to grow by 2.8% in 2024 – World Bank

January 11, 2024 A new report by the World Bank has projected a 2.8% Gross Domestic Product (GDP) growth of 2.8% for Ghana in 2024. The forecast was captured in the January 2024 World Bank Global Economic...

Written by:

January 11, 2024 / Comments (0)

Ecobank Ghana appoints Abena Osei-Poku as Managing Director

January 10, 2024 Ecobank Ghana has, this week, appointed Abena Osei-Poku as its substantive Managing Director and Regional Executive for the Anglophone West Africa (AWA) Region of the Ecobank Group,...

Written by:

January 10, 2024 / Comments (0)

2023 end-of-year inflation stands at 23.2%; lower than revised target of 31.3%

January 10, 2024 The year-on-year inflation for December 2023 has dropped to 23.2 percent from the 26.4 percent recorded in November in the same period. By this, government ended the year with an inflation...

Written by:

January 10, 2024 / Comments (0)