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Average lending rates shoot up marginally to 36.64% – BoG

March 27, 2023 Average lending rates shot up marginally to 36.64% in February 2023, from 35.58% recorded in December 2022, data from the Bank of Ghana has revealed. This is equivalent to 3.02% interest...

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March 27, 2023 / Comments (0)

Cedi lost 3.14% value to dollar last week; near-term outlook uncertain

February 21, 2023 The Ghana cedi lost about 3.14% value to the US dollar last week as the renewed depreciatory pressures set in. It started the week at about ¢12.50 to the American greenback, but ended the...

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February 21, 2023 / Comments (0)

Inflation likely to peak in quarter 1, 2023 – BoG affirms position

February 20, 2023 The Bank of Ghana has reiterated that inflation is likely to peak in the first quarter of 2023 and gradually ease thereafter. However, headline inflation is projected to remain above the...

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February 20, 2023 / Comments (0)

IMF assigns resident financial adviser to Bank of Ghana

February 15, 2023 The International Monetary Fund (IMF) has appointed Leonard Chumo as a financial adviser to the Bank of Ghana upon request. Funded by Switzerland’s State Secretariat for Economic Affairs...

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February 15, 2023 / Comments (0)

Bond market: Market turnover rises 93.5% to ¢1.33bn

February 14, 2023 Market activity on the bond market rebounded sharply, as total volumes of Government  bonds increased by 93.5% week as the government concluded the Domestic Debt Exchange Programme....

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February 14, 2023 / Comments (0)

Cedi continues rise against dollar; gained 0.81% last week

February 14, 2023 The Ghana cedi continued to rise steadily against the US dollar amidst the Bank of Ghana’s tight foreign exchange intervention. Last week, the local currency gained about 2.31% in value...

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February 14, 2023 / Comments (0)

Cedi extends volatile run

February 8, 2023 The cedi extended its gains against major trading currencies last week raising hopes that the local currency is beginning to steady ahead of a deal with the International Monetary Fund...

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February 8, 2023 / Comments (0)

Cedi depreciated by 19.1% to dollar in January 2023 – BoG

January 31, 2023 The Ghana cedi has depreciated by a substantial 19.1 per cent to the US dollar this January 2023. According to the Summary of Economic and Financial Data from the Bank of Ghana seen by...

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January 31, 2023 / Comments (0)

Policy rate increases to 28%; cost of loans to surge

January 30, 2023 The Monetary Policy Rate of the Bank of Ghana has increased its policy rate – the rate at which it lends to commercial banks – by 100 basis points to 28%. Within a year, the rate has...

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January 30, 2023 / Comments (0)

Policy rate to go up again – Bloomberg

January 20, 2023 The policy rate of the Bank of Ghana is likely to go up for the 7th time since November 2021. According to Bloomberg, the higher-than-expected jump in inflation in the last two months of...

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January 20, 2023 / Comments (0)