Bank of Ghana maintains policy rate for 3rd consecutive time at 14.5%

September 29, 2020 The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 14.5 percent after a similar decision in May and July of this year. This makes it the third consecutive...

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September 29, 2020 / Comments (0)

Bank of Ghana keeps policy rate at 14.5 percent amid COVID-19

May 18, 2020 The Monetary Policy Committee (MPC) of the Bank of Ghana, has maintained the policy rate at 14.5 percent. This is the first time the rate has been kept unchanged after it was reduced by...

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May 18, 2020 / Comments (0)

Subsidy on utilities will ease inflation surge – Databank Research

May 15, 2020 Despite inflation surging to double digits in April as a result of a spike in demand for food and other essentials in anticipation of the lockdown announcement, Databank Research says there...

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May 15, 2020 / Comments (0)

Bank of Ghana cuts policy rate by 150 basis points over Coronavirus [COVID-19]

March 19, 2020 The Bank of Ghana has reduced its benchmark policy rate by 150 basis points as its first response to the strain that the Coronavirus disease (COVID-19) is imposing on the economy. The...

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March 19, 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)

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)

Record low inflation won’t cut policy rate

September 20, 2019 Despite data from the Ghana Statistical Service (GSS) showing that inflation has hit a record low after rebasing, breaking a 27-year record, it will not be enough grounds for the Monetary...

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September 20, 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)

Bank of Ghana reduces policy rate to 16 percent

February 1, 2019 The Bank of Ghana on Monday reduced the policy rate to 16 percent representing a 100 basis points. In March, 2018, the Bank reduced its rate by 200 basis points from 20 percent to 18...

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February 1, 2019 / Comments (0)