Cedi posts election-year milestone

January 12, 2021 The cedi broke its own record last year by weathering the perennial pressures and anxieties associated with elections to post a depreciation rate that is the healthiest in all election...

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January 12, 2021 / Comments (0)

GH¢21 billion spent on banking sector clean-up – Akufo-Addo

January 6, 2021 The government expended GH¢21 billion to clean up the banking sector, the President, Nana Akufo-Addo has announced. Delivering his final ‘State of the Nation’ address to the...

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January 6, 2021 / Comments (0)

BoG Governor confident of cedi’s stability in 2021 after 3.8% depreciation in 2020

January 5, 2021 Governor of the Bank of Ghana, Dr. Ernest Addison is confident the reserves it has amassed so far, coupled with other measures to be implemented by the government in 2021 should see the...

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January 5, 2021 / Comments (0)

Cedi remains stable amid political impasse, Christmas season

December 22, 2020 Analyst says outlook still positive It would have ordinarily been expected that at this moment the local currency would be fast depreciating against the US dollar, considering the current...

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December 22, 2020 / Comments (0)

Bank of Ghana, Monetary Authority of Singapore sign agreement to promote SMEs

December 11, 2020 Ghana’s central bank and the Monetary Authority of Singapore (MAS) have signed a Memorandum of Understanding (MoU) to collaborate in promoting Small and Medium-sized Enterprises (SMEs)...

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December 11, 2020 / Comments (0)

BoG addresses digital payment needs of SMEs

December 10, 2020 The Bank of Ghana (BoG) has established a new merchant payment system that will introduce a tiered account structure to ensure that small and medium enterprises (SMEs) are able to...

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December 10, 2020 / Comments (0)

Lingering impact of COVID-19 causes decline in Ghana’s trade numbers

November 26, 2020 Latest data from the Bank of Ghana’s Summary of Macroeconomic and Financial Data for November 2020, shows that the country as of October 2020 had received $12 billion from its exports...

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November 26, 2020 / Comments (0)

Government accepts bids for 7-year cedi and 3-year dollar bonds

November 18, 2020 Government accepted all bids for the 7-year cedi bond and the 3-year dollar bond issuance, according to auctioning results obtained from the Bank of Ghana. For the 7-year cedi bond, it...

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November 18, 2020 / Comments (0)

Fund managers losing clients to banks – KPMG report

November 3, 2020 Depositors prefer to invest their monies with banks than with fund management companies due to renewed high confidence in the former following a general reform carried out by the Bank of...

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November 3, 2020 / Comments (0)

BoG asked to push commercial banks to increase CFA trading … To boost economic activities with Francophone neighbours

October 15, 2020 Transit shippers have appealed to the Bank of Ghana (BoG) to impress on commercial banks operating in the country to accept financial transactions in CFA, a move that would greatly help...

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October 15, 2020 / Comments (0)