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)

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)

BoG to unwind countercyclical measures in financial sector – Governor

December 22, 2020 Dr Ernest Addison, Governor of the Bank of Ghana, has hinted of plans to undo all countercyclical measures implemented in the financial sector due to...

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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)

COVID-19 related interventions pushing debt stock to unsustainable levels – BoG Governor

November 24, 2020 Governor of the Bank of Ghana Dr. Ernest Addison has stated that the current debt-to-GDP ratio of 71 percent could be an indication that government is approaching its limit when it comes to...

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November 24, 2020 / Comments (0)

Gov’t baits bond market investors with static policy rate

November 24, 2020 Fiscal rule to be suspended for three years The Monetary Policy Committee (MPC) of the central bank has, for the fourth consecutive time, maintained the policy rate, saying, any slight cut...

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November 24, 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)

Let’s have regular debt management with an eye on non-resident investors – BoG

October 7, 2020 The Bank of Ghana is calling for a regular debt management that include consistent access to domestic market with an eye on non-resident investors. According to the First Deputy Governor,...

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October 7, 2020 / Comments (0)

Bank of Ghana maintains policy rate for 3rd consecutive time at 14.5%

September 29, 2020 The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 14.5 percent after a similar decision in May and July of this year. This makes it the third consecutive...

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September 29, 2020 / Comments (0)