Gov’t baits bond market investors with static policy rate

November 24, 2020 Fiscal rule to be suspended for three years The Monetary Policy Committee (MPC) of the central bank has, for the fourth consecutive time, maintained the policy rate, saying, any slight cut...

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November 24, 2020 / Comments (0)

Air Force to transport money to banks — BoG Governor

September 30, 2020 The Bank of Ghana (BoG) has reached an agreement with the Ghana Air Force to use its fleet, comprising helicopters and aircraft, to airlift money for banks and other financial institutions...

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September 30, 2020 / 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)

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)

Except NIB, all 5 GAT banks now fully capitalised…..Policy rate again maintained at 16%

September 24, 2019 With exception of the National Investment Bank (NIB), all banks operating in the country have now met the GH¢400million capitalisation as the banks under government’s bail-out plan have...

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September 24, 2019 / Comments (0)

BoG holds policy rate over stability concerns

July 22, 2019 The central bank has, for the third consecutive time, maintained the country’s policy rate – citing risks to macroeconomic stability brought on by increments in utility tariffs, subdued...

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July 22, 2019 / Comments (0)

BoG secures GH¢900m to sanitise microfinance sector

May 28, 2019 The Bank of Ghana (BoG) has received GH¢900 million to undertake a clean-up of the troubled microfinance sub-sector of the financial services industry. The move is part of cleaning up the...

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May 28, 2019 / Comments (0)

BoG cautiously stays policy rate at 17%

September 25, 2018 The Monetary Policy Committee (MPC) of the Bank of Ghana has decided against increasing the policy rate although it concedes that prevailing market conditions would have justified a raise...

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September 25, 2018 / Comments (0)

Stay policy rate over inflation, Cedi scare-Analysts

September 18, 2018 The current depreciation of the cedi and the inching up of inflation will not allow the Monetary Policy Committee (MPC) of the Bank of Ghana to reduce the policy rate this time, economic...

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September 18, 2018 / Comments (0)

BoG to weather dollar storm- Begins 84th MPC meeting today

September 18, 2018 The Bank of Ghana (BoG) is set to roll out new policy measures to weather the storm of the depreciating cedi as it gauges the health of the economy in the last three months. In the last few...

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September 18, 2018 / Comments (0)