Cedi depreciated by 19.1% to dollar in January 2023 – BoG

January 31, 2023 The Ghana cedi has depreciated by a substantial 19.1 per cent to the US dollar this January 2023. According to the Summary of Economic and Financial Data from the Bank of Ghana seen by...

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January 31, 2023 / Comments (0)

Policy rate increases to 28%; cost of loans to surge

January 30, 2023 The Monetary Policy Rate of the Bank of Ghana has increased its policy rate – the rate at which it lends to commercial banks – by 100 basis points to 28%. Within a year, the rate has...

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January 30, 2023 / Comments (0)

Policy rate to go up again – Bloomberg

January 20, 2023 The policy rate of the Bank of Ghana is likely to go up for the 7th time since November 2021. According to Bloomberg, the higher-than-expected jump in inflation in the last two months of...

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January 20, 2023 / Comments (0)

Cedi depreciates marginally to sell at ¢12 to a dollar

January 11, 2023 The Ghana cedi is now selling at ¢12 to the US dollar in the retail or forex market, following days of sustained stability. This is about 0.86% loss in value since the beginning of the...

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January 11, 2023 / Comments (0)

Interest rates fall marginally again; government records 98% oversubscription of T-bills sale

December 20, 2022 Interest rates continued to fall on the treasury market for the second week running as investors intensify their attention to the short-term securities, following the debt exchange...

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December 20, 2022 / Comments (0)

Inflation to end 2023 at 25% – BoG

December 15, 2022 Inflation is likely to peak in the first quarter of 2023, and ease to around 25% by the end of 2023, the Bank of Ghana’s November 2022 Monetary Policy Report has disclosed. This forecast...

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December 15, 2022 / Comments (0)

Debt exchange: Govt to establish GH₵15billion fund for financial institutions that participate

December 8, 2022 Known as the Ghana Financial Stability Fund (GFSF), the fund is being established with a target size of GH₵15 billion to be provided by the government and its development partners. The...

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December 8, 2022 / Comments (0)

Debt Exchange: 8 banks highly exposed to government bonds, may be hit hardest – Report

December 8, 2022 About eight banks names withheld are highly exposed to the Government of Ghana securities, particularly bonds and could therefore be impacted significantly by the Debt Exchange Programme....

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December 8, 2022 / Comments (0)

‘Investor Protection Fund’ will restore confidence, but debt exchange programme to spur investment withdrawals – PwC

December 7, 2022 Auditing and accounting firm, PwC, is upbeat the Investor Protection Fund outlined in the 2023 Budget would restore investor confidence which it describes as low due to the various rating...

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December 7, 2022 / Comments (0)

Interest rate hits all-time high of 31.4%

December 6, 2022 Average rates on loans given to individuals and businesses by banks in the country stand at 31.4 per cent at end-October 2022. This is on the account of increments in the Bank of Ghana’s...

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December 6, 2022 / Comments (0)