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)

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)

Bank of Ghana increases policy rate to 17%

March 21, 2022 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate by 250 basis points to 17 percent. This is the first time the Central Bank has increased the key...

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March 21, 2022 / Comments (0)

Dr. Ernest Addison calls for integrated approach to improve intra-African payments

November 9, 2021 Governor of the Bank of Ghana, Dr. Ernest Addison has called for a multidimensional integrated solutions approach to tackle the inherent frictions in cross-border payments in Africa....

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November 9, 2021 / Comments (0)

2022 budget: Reset fiscal policy to create credible path towards sustainability – BoG to Government

November 1, 2021 Governor of the Bank of Ghana, Dr. Ernest Addison, is urging the government to use the 2022 budget to reset fiscal policy and create a more credible path towards medium-term fiscal...

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November 1, 2021 / Comments (0)

Big push for 2022 budget – Benefits from $1bn free IMF money

September 28, 2021 The country is set to inject about US$300 million from its share of the specially created free funds from the International Monetary Fund (IMF) into the 2022 budget. The amount is a third...

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September 28, 2021 / Comments (0)

BoG maintains policy rate at 13.5% for third time

September 28, 2021 The Monetary Policy Committee of the Bank of Ghana (BoG) has maintained the policy rate at 13.5%. The policy rate is the rate at which the Central Bank lends to commercial banks in the...

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September 28, 2021 / Comments (0)

Ghanaians to use more coins as BoG plans to phase out GH¢1 and GH¢2 notes

September 28, 2021 The GH¢1 and GH¢2 notes will soon be phased out of the Ghanaian economy. This was made known by the Governor of the Central Bank, Dr, Ernest Addison on Monday, September 27, 2021. Dr....

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September 28, 2021 / Comments (0)

Resolve high interest rate concerns – Akufo-Addo urges new BoG board

August 23, 2021 President Nana Akufo-Addo has charged the new board of the Bank of Ghana to interrogate the issue of high interest rates in the country. According to the President, a low interest rate for...

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August 23, 2021 / Comments (0)

SMEs’ participation in digital economy key for recovery – Addison

August 19, 2021 Governor of the Bank of Ghana, Dr. Ernest Addison, has said that intensive participation of Small and Medium-scale Enterprises (SMEs) in the digital economy is essential to economic growth,...

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August 19, 2021 / Comments (0)