BoG
Tag Archive

BoG keeps policy rate unchanged at 29.5%; cost of loans to remain high

May 23, 2023 The Monetary Policy Committee (MPC) of the Bank of Ghana has kept its policy rate unchanged at 29.5%. It cited a slowdown in inflation as the main reason to the unchanged rate, which is the...

Written by:

May 23, 2023 / Comments (0)

BoG to continue with policy rate hikes to fast track inflation decline

May 10, 2023 The Bank of Ghana (BoG) has indicated that it may hike again the monetary policy rate to help bring inflation down faster. The Central Bank argued that “the current inflation rate remains...

Written by:

May 10, 2023 / Comments (0)

BoG charges banks to focus on risk management, disclosure, others

April 28, 2023 The Bank of Ghana has charged banks to focus on strategies such as risk management, innovation, stakeholder engagement, transparency and disclosure and collaboration in order to remain...

Written by:

April 28, 2023 / Comments (0)

Cedi continues strong performance; $1 now ¢10.80

April 5, 2023 The Ghana cedi continued its strong run against the US dollar today, April 4, 2023, as it sold below ¢11. Checks by Joy Business at the forex bureaus indicate that the cedi is going for...

Written by:

April 5, 2023 / Comments (0)

World Bank lowers Ghana’s growth rate to below 2% in 2023

April 5, 2023 The World Bank has lowered Ghana’s growth rate to under 2.0% in 2023, placing it at the 29th position in Sub-Saharan Africa, its April 2023 Africa Pulse Report has revealed. This is...

Written by:

April 5, 2023 / Comments (0)

Proposed Investor Protection Fund expected to be operational from 2024

April 4, 2023 The Director General of the Securities and Exchange Commission (SEC) Rev. Daniel Ogbarmey Tetteh has disclosed that the proposed Investor Protection Fund is scheduled to take off from...

Written by:

April 4, 2023 / Comments (0)

BoG to keep policy rate steady at 30.5% in 2024 – Fitch Solutions

April 4, 2023 Fitch Solutions has indicated that the Bank of Ghana will keep the policy rate on hold at 30.5% in 2024. This is coming after the Central Bank adjusted its key lending rate to banks at...

Written by:

April 4, 2023 / Comments (0)

Cedi starts week on strong note; $1 now ¢12.25

March 29, 2023 The Ghana cedi started this week on a strong note gaining some grounds against the US dollar in the retail or forex market. The local currency gained about 20 pesewas in value against the...

Written by:

March 29, 2023 / Comments (0)

MPC resets Cash Reserve Ratio on domestic currency deposits for banks to 14%

March 28, 2023 The Monetary Policy Committee (MPC) of the Bank of Ghana decided to reset the Cash Reserve Ratio on domestic currency deposits for banks from 12 per cent to 14 per cent. This takes effect...

Written by:

March 28, 2023 / Comments (0)

BoG increases policy rate to 29.5%; loans to remain expensive

March 27, 2023 The Bank of Ghana has increased its policy rate by 150 basis points to 29.5% to help check the high inflation and any downside risks to the economy. This means the cost of credit will...

Written by:

March 27, 2023 / Comments (0)