Locals banks now more resilient, able to support economic growth agenda – Finance Minister

August 7, 2020 The Finance Minister, Ken Ofori-Atta, says the banking sector reforms undertaken by the government in 2017 and 2018, has strengthened local banks, making them more resilient to shocks....

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August 7, 2020 / Comments (0)

Coronavirus: Global economy to diminish by about 5.2% – World Bank

June 10, 2020 The World Bank on late Monday predicted the global economy will diminish by about 5.2% in 2020 due to the coronavirus pandemic, indicating it one of the four most severe downturns in 150...

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June 10, 2020 / Comments (0)

Coronavirus erodes cedi’s gains

April 22, 2020 Despite all the gains made by the local currency against its major trading currencies at beginning of the year, especially the United States dollar, the coronavirus pandemic impact has...

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April 22, 2020 / Comments (0)

Inflation drops to two-month low …hits 7.8% in January

February 13, 2020 The general price level of goods and services has seen a marginal decline ever since it recorded its highest figure after the Ghana Statistical Service (GSS) started applying the new series...

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February 13, 2020 / Comments (0)

Bank of Ghana maintains policy rate at 16 percent for the sixth time

January 31, 2020 The Monetary Policy Committee of the Bank of Ghana has voted to maintain the policy rate unchanged at 16 percent for the sixth consecutive time. This has a direct impact on the interest...

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January 31, 2020 / Comments (0)

BoG to review compensation of bank CEOs in line with their banks performance

November 26, 2019 The Bank of Ghana (BoG) will begin scrutinising the compensation packages of chief executive officers (CEOs) and key management personnel of banks in a bid to ensure that the banks’...

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November 26, 2019 / Comments (0)

No new banking applications yet — Bank of Ghana

September 25, 2019 The Bank of Ghana (BoG) has stated that it is not processing any application for a fresh banking licence to new entrants into the banking sector. The Governor of the BoG, Dr Ernest Addison,...

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September 25, 2019 / Comments (0)

June inflation drop makes case for policy rate cut

July 11, 2019 The general price levels of goods and services, for the second time since beginning of the year, has seen another drop – making a strong case for the central bank to consider a policy...

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July 11, 2019 / Comments (0)

Private sector credit gains momentum

April 2, 2019 Private sector credit growth is beginning to gain momentum stemming from improved liquidity position of the banks on the back of recapitalization exercise, the Bank of Ghana (BoG) has...

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April 2, 2019 / Comments (0)

Central bank stays policy rate on inflation scare

July 24, 2018 After inflation inched up for two consecutive months (May and June), the central bank has decided, at its latest monitoring policy meeting, to maintain its policy rate at 17percent, as a...

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July 24, 2018 / Comments (0)