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Interest rates near 36% as government achieves T-bills target

November 21, 2022 Interest rates neared 36% on the money market, though fell short of the October 2022 inflation of 40.4%. This indicates that the return on investments remains negative. According to the...

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November 21, 2022 / Comments (0)

BoG to continue policy rate hiking cycle as part of IMF condition – Fitch Solutions

November 21, 2022 The Bank of Ghana will continue its policy rate hiking cycle, increasing the benchmark interest rate to 27% by the end of 2023. According to international research institution, Fitch...

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November 21, 2022 / Comments (0)

Outlook of cedi to depend on whether Ghana reaches IMF agreement – Fitch Solutions

November 18, 2022 The outlook of the Ghana cedi will depend on whether Ghana reaches an agreement with the International Monetary Fund (IMF) and obtain funding in the months ahead. According to Fitch...

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November 18, 2022 / Comments (0)

BoG withdraws foreign exchange support for importation of rice, vegetable oils, others

November 18, 2022 The Bank of Ghana has withdrawn foreign exchange support to customers for the importation of certain non-critical or essential goods. Joy Business however understands that the withdrawal of...

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November 18, 2022 / Comments (0)

Bank of Ghana partners 2 to boost SME growth

November 14, 2022 THE Bank of Ghana (BoG) has partnered with two institutions to create opportunities for international trade and financial cooperation for micro, small and medium enterprises (MSMEs) in the...

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November 14, 2022 / Comments (0)

High inflation, cedi fall only temporary – BoG

October 21, 2022 Amid high inflation and a fast-depreciating local currency which have caused turmoil in the economy this year, Second Deputy-Governor of the Bank of Ghana (BoG) Mrs. Elsie Addo Awadzi has...

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October 21, 2022 / Comments (0)

Deepened stakeholder collaboration needed to sanitize forex bureau sector – BoG

September 2, 2022 The Bank of Ghana is urging stakeholders within the financial sector to step up their collaborative efforts to ensure that the forex bureau sector is sanitized of all deliberate market...

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September 2, 2022 / Comments (0)

BoG to boost reserves by $500m

September 2, 2022 The Bank of Ghana (BoG) is confident of boosting its reserves by half a billion US dollars from miners, oil and gas-producing firms and other major exporters between now and December. The...

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September 2, 2022 / Comments (0)

Big relief for cedi: $750m loan hits BoG’s account — Dollar purchases on

September 2, 2022 The $750 million loan the government secured from the Africa Export Import Bank (Afrexim) has finallly hit Bank of Ghana’s (BoG) accounts. This also comes at a time when a new policy by...

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September 2, 2022 / Comments (0)

BoG optimistic about ease of inflation

June 27, 2022 Early indications have signalled an easing in the rate at which prices of goods and services are rising, Director of Research at the Bank of Ghana, Dr. Philip Abradu-Otoo, has suggested....

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June 27, 2022 / Comments (0)