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Ghana attains all fiscal targets in line with IMF programme – BoG

November 29, 2023 Fiscal Policy Implementation for the first half of the year has been in line with the performance criteria under the International Monetary Fund Economic Credit Facility (ECF)-supported...

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November 29, 2023 / Comments (0)

Credit to private sector contracts by 31.6%, but banking sector liquid – BoG

November 29, 2023 Credit to the private sector contracted in October 2023 and September 2023. According to the Monetary Policy Report of the Bank of Ghana, banks continue to deploy their resources towards...

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November 29, 2023 / Comments (0)

MPC keeps policy rate at 30%

November 29, 2023 The Monetary Policy Committee of the Bank of Ghana (BoG) has kept the Policy Rate at 30.0%. The Committee kept the rate at which it lends to commercial banks unchanged due to concerns about...

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November 29, 2023 / Comments (0)

Average lending rate surges to 32.69% – BoG

November 27, 2023 Average lending rate surged to 32.69% in October 2023, data from the Bank of Ghana has revealed. This is equivalent to an average of 2.724% per month on loans charged by the banks According...

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November 27, 2023 / Comments (0)

Ofori-Atta to present 2024 budget in Parliament

November 15, 2023 Finance Minister Ken Ofori-Atta is expected to present the government’s 2024 Annual Budget Statement and Economic Policy to Parliament today, November 15. This is a constitutional...

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November 15, 2023 / Comments (0)

T-bills auction: Interest rates fall for first time in 37 weeks: government records 29% oversubscription

November 13, 2023 Interest rates fell for the first time after 36 weeks, confirming some analysts’ assertion that yields on Treasury bills are expected to peak around 30% to 33.5%. According to auction...

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November 13, 2023 / Comments (0)

T-bills auction: Interest rates up for 36th week running; government records 33% oversubscription

November 6, 2023 Interest rates went up for the 36th week running as the increasing cost of borrowing will bite the government in the future. The yield on the 91-day T-bill went up to 29.96% from the...

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November 6, 2023 / Comments (0)

Eurobond haircut: 40% too deep?

October 26, 2023 Ghana faces a monumental challenge as it navigates the intricate process of negotiating debt restructuring with its commercial creditors. Recent update from Finance Minister, Ken Ofori-Atta...

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October 26, 2023 / Comments (0)

Pressure on cedi to ease this week; one dollar going for ¢12.08

October 25, 2023 The pressure on the Ghana cedi is expected to ease this week, following the anticipated news of the inflow of the $800 million cocoa syndication loan by next month. Analysts believe the...

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October 25, 2023 / Comments (0)

Manufacturing sector NPL falls, but all other sectors up – BoG

October 24, 2023 Except for the manufacturing sector, all other sectors recorded higher Non-Performing Loan (NPL) ratios in August 2023 compared with the same period in 2022. According to the September 2023...

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October 24, 2023 / Comments (0)