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BoG provides clarity on GH¢22.5bn gov’t financing

March 31, 2021 GH¢10bn for Asset Purchase Programme GH¢5.6bn IMF COVID-19 support GH¢981m IMF ECF cash GH¢5.1bn liquidity to CBG GH¢925m to MFI depositors The Bank of Ghana has provided clarity on...

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March 31, 2021 / Comments (0)

GSE lauds suspension of taxes on capital gains on listed securities

March 26, 2021 The permanent removal of taxes on capital gains on listed securities in the country has been lauded by the Managing Director of Ghana Stock Exchange, Ekow Afedzie, describing it as critical...

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March 26, 2021 / Comments (0)

BoG keeps policy rate at 14.5% for second consecutive time this year

March 22, 2021 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has kept the Policy Rate at 14.5 percent for the second consecutive time this year. The policy rate is the rate at which the...

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March 22, 2021 / Comments (0)

BoG revises sanctions for dud cheques issuance

March 15, 2021 The central bank says it has revised the sanctioning regime in respect of the issuance of dud cheques for strict compliance by banks and specialised deposit-taking institutions (SDIs)....

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March 15, 2021 / Comments (0)

Government seeks $5.5 billion to settle remaining clients of defunct FMCs

March 15, 2021 The government is seeking the approval of US$5.5 billion to complete payment of the bailout packages to the remaining customers of defunct fund management companies who are yet to be...

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March 15, 2021 / Comments (0)

Ghana cedi expected to be stable for the rest of 2021

February 25, 2021 Senior Economic Analyst with Databank, Courage Kingsley Martey, is confident the cedi will sustain its stability throughout the year 2021. The cedi, which began the year selling at 5 cedis...

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February 25, 2021 / Comments (0)

BoG measures to curb cyberfraud, boost customer confidence—Report

February 24, 2021 A new report by the Institute of Customer Service Professionals (ICSP), titled ‘The State of Customer Service in Ghana’, has disclosed that measures outlined by the Bank of Ghana (BoG)...

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February 24, 2021 / Comments (0)

Government accepts GH¢3 billion for 2-year bond as investor interest grows

February 22, 2021 Government accepted GH¢3.0 billion from the 2-year bond auctioned last Thursday as there were immense foreign investor participation in the debt instrument. Auction result from...

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February 22, 2021 / Comments (0)

BoG’s indices show boost in economy’s real sector

February 19, 2021 Latest data released by the Bank of Ghana indicate that some selected real sector pointers showed progress in economic activity during the third quarter of 2020 when compared with trends...

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February 19, 2021 / Comments (0)

Banks borrowed GH¢2.57bn from BoG in pandemic year

February 16, 2021 A 195% increase from GH¢872.96m Analysts blame COVID-19’s impact on businesses Within a period of one year, liquidity support from the central bank to the banking industry...

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February 16, 2021 / Comments (0)