T-bills: Interest rates tumbled again; government records 17% oversubscription

May 8, 2024 Interest rates tumbled again as the government returned to oversubscription of treasury bills sale. According to the auction results by the Bank of Ghana, the yield on the 91-day bill eased...

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May 8, 2024 / Comments (0)

Bank of Ghana dismisses reports that it is introducing 1% cybersecurity levy

May 8, 2024 The Bank of Ghana (BoG) has described social media reports that say it is introducing a one percent cybersecurity levy in response to heightened cybersecurity threats as fake. The central...

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May 8, 2024 / Comments (0)

Ghana’s economy is improving – BoG Governor

April 10, 2024 The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had...

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April 10, 2024 / Comments (0)

Bond market: Total market turnover rebounds to GH¢715.85m

April 10, 2024 Total market turnover on the secondary bond market rebounded by 101.72% week-on-week to GH¢715.85 million last week. The increase in activity partly came from clips of minor trades across...

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April 10, 2024 / Comments (0)

Banks appetite for T-bills to drop; Loan book to expand – Report

March 27, 2024 Banks’ appetite for treasury bills in favour of lending is expected to drop following the increase in the Cash Reserve Ratio (CRR) of banks. The Bank of Ghana (BoG) adjusted the Cash...

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March 27, 2024 / Comments (0)

Second review of three-year $3bn IMF programme to take place April 2 to 12

March 27, 2024 The Ministry of Finance has announced that the second review of the three-year, $3 billion IMF-supported Post-COVID-19 Programme for Economic Growth (PC-PEG) is set to take place from April...

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March 27, 2024 / Comments (0)

Average lending rate narrows to 32.77% in February 2024 – BoG

March 25, 2024 Average lending rate narrowed to 32.77% in February 2024, from 33.75% per annum in December 2023, according to data from the Bank of Ghana. This is equivalent to 2.73% per month on loans...

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March 25, 2024 / Comments (0)

BoG revises balance, transaction limits of mobile money wallets upwards, starting March 1

March 1, 2024 The Bank of Ghana (BoG) has revised the balance and transaction limits of customers’ mobile money wallets upward, effective March 1, 2024. A statement from the Ghana Chamber of...

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March 1, 2024 / Comments (0)

Banks recover in capitalization due to strong growth in 2023 profit – Fitch

February 27, 2024 A significant growth in profitability of banks in 2023 driven by exceptionally high yields on treasury bills is helping the financial intermediaries recover in capitalization from the large...

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February 27, 2024 / Comments (0)

Cedi depreciates 3.56% to dollar since January 1; $1 going for GH¢12.75

February 21, 2024 The Ghana cedi has lost about 3.56% in value to the US dollar since the beginning of 2024. The local currency lost ground last week despite improved market liquidity. This came on the back...

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February 21, 2024 / Comments (0)