monetary policy
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BoG to commence monetary policy easing in quarter 4; inflation to fall further – Fitch Solutions

May 26, 2023 The Bank of Ghana will commence a monetary easing cycle in the 4th quarter of 2023, cutting the policy rate by 200 basis points (bps) to 27.50% by end-2023. According to Fitch...

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May 26, 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)

2023 Budget is “a make or break one” – IEA

November 21, 2022 The Institute of Economic Affairs (IEA) has described the 2023 Budget as a make or break one”, saying if it fails to get it right, near-irreversible damage could be done to the economy....

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November 21, 2022 / Comments (0)

BoG keeps policy rate over increasing debt stock, inflation

July 27, 2021 The Monetary Policy Committee (MPC) of the Central Bank has maintained the policy rate at 13.5 percent, as concerns over rising debt stock and heightened risk to inflation keep dominating...

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July 27, 2021 / Comments (0)

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)