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BoG approves recapitalisation plans of undercapitalised banks – IMF

January 29, 2024 The Bank of Ghana has approved the recapitalisation plans submitted by undercapitalised banks, the Staff Report by the International Monetary Fund dubbed “2023 Article IV...

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January 29, 2024 / Comments (0)

Monetary Policy Committee cuts policy rate to 29.0%

January 29, 2024 The Monetary Policy Committee of the Bank of Ghana (BoG) has cut its key lending rate to 29.0% from 30% in line with most analysts expectations. The Chairman of the committee, Dr. Ernest...

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January 29, 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....

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January 17, 2024 / Comments (0)

Inflation to fall below 29% in November 2023 – Report

December 13, 2023 Research institution, IC Research, is forecasting a decline in inflation, potentially below 29.0% in November 2023. This, it believes, will make it possible to restore a positive real rate...

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December 13, 2023 / Comments (0)

Ghana attains all fiscal targets in line with IMF programme – BoG

November 29, 2023 Fiscal Policy Implementation for the first half of the year has been in line with the performance criteria under the International Monetary Fund Economic Credit Facility (ECF)-supported...

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November 29, 2023 / Comments (0)

Credit to private sector contracts by 31.6%, but banking sector liquid – BoG

November 29, 2023 Credit to the private sector contracted in October 2023 and September 2023. According to the Monetary Policy Report of the Bank of Ghana, banks continue to deploy their resources towards...

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November 29, 2023 / Comments (0)

MPC keeps policy rate at 30%

November 29, 2023 The Monetary Policy Committee of the Bank of Ghana (BoG) has kept the Policy Rate at 30.0%. The Committee kept the rate at which it lends to commercial banks unchanged due to concerns about...

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November 29, 2023 / Comments (0)

Average lending rate surges to 32.69% – BoG

November 27, 2023 Average lending rate surged to 32.69% in October 2023, data from the Bank of Ghana has revealed. This is equivalent to an average of 2.724% per month on loans charged by the banks According...

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November 27, 2023 / Comments (0)

Ofori-Atta to present 2024 budget in Parliament

November 15, 2023 Finance Minister Ken Ofori-Atta is expected to present the government’s 2024 Annual Budget Statement and Economic Policy to Parliament today, November 15. This is a constitutional...

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November 15, 2023 / Comments (0)

T-bills auction: Interest rates fall for first time in 37 weeks: government records 29% oversubscription

November 13, 2023 Interest rates fell for the first time after 36 weeks, confirming some analysts’ assertion that yields on Treasury bills are expected to peak around 30% to 33.5%. According to auction...

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November 13, 2023 / Comments (0)