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Cedi depreciates marginally to sell at ¢12 to a dollar

January 11, 2023 The Ghana cedi is now selling at ¢12 to the US dollar in the retail or forex market, following days of sustained stability. This is about 0.86% loss in value since the beginning of the...

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January 11, 2023 / Comments (0)

Interest rates fall marginally again; government records 98% oversubscription of T-bills sale

December 20, 2022 Interest rates continued to fall on the treasury market for the second week running as investors intensify their attention to the short-term securities, following the debt exchange...

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December 20, 2022 / Comments (0)

Inflation to end 2023 at 25% – BoG

December 15, 2022 Inflation is likely to peak in the first quarter of 2023, and ease to around 25% by the end of 2023, the Bank of Ghana’s November 2022 Monetary Policy Report has disclosed. This forecast...

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December 15, 2022 / Comments (0)

Debt exchange: Govt to establish GH₵15billion fund for financial institutions that participate

December 8, 2022 Known as the Ghana Financial Stability Fund (GFSF), the fund is being established with a target size of GH₵15 billion to be provided by the government and its development partners. The...

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December 8, 2022 / Comments (0)

Debt Exchange: 8 banks highly exposed to government bonds, may be hit hardest – Report

December 8, 2022 About eight banks names withheld are highly exposed to the Government of Ghana securities, particularly bonds and could therefore be impacted significantly by the Debt Exchange Programme....

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December 8, 2022 / Comments (0)

‘Investor Protection Fund’ will restore confidence, but debt exchange programme to spur investment withdrawals – PwC

December 7, 2022 Auditing and accounting firm, PwC, is upbeat the Investor Protection Fund outlined in the 2023 Budget would restore investor confidence which it describes as low due to the various rating...

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December 7, 2022 / Comments (0)

Interest rate hits all-time high of 31.4%

December 6, 2022 Average rates on loans given to individuals and businesses by banks in the country stand at 31.4 per cent at end-October 2022. This is on the account of increments in the Bank of Ghana’s...

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December 6, 2022 / Comments (0)

Policy rate hits 27%; loans to become more expensive

November 29, 2022 The Bank of Ghana has increased its policy rate by 2.5 percentage points to 27%, citing risks to inflation and exchange rate concerns as reasons. This means cost of borrowing is expected to...

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November 29, 2022 / Comments (0)

Cedi to witness mixed performance this week

November 29, 2022 Given the looming sovereign debt treatments, the cedi is expected to see a mixed performance this week as investors continue to digest the 2023 budget. According to Databank Research,...

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November 29, 2022 / Comments (0)

IEA forecasts 2% increase in policy rate to 26.5%

November 25, 2022 The Institute of Economic Affairs is forecasting an increase in the Policy Rate (PR) by 200 basis points to 26.5% when the Governor of the Bank of Ghana announced developments in the...

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November 25, 2022 / Comments (0)