BoG
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Inflation to end year at 19.3%–21.3% – Report

August 6, 2024 Research firm, IC Research is raising its 2024 annual inflation forecast by 340 basis points to between 19.3% and 21.3%. This is due to the upside risk to inflation in the second half of...

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August 6, 2024 / Comments (0)

BoG to cut policy rate to 27% by end-2024 – Fitch Solutions

August 6, 2024 Fitch Solutions has indicated that the Bank of Ghana (BoG) will cut its benchmark policy rate by 200 basis points (bps) to 27.00% by end-2024. This is higher than its earlier projection of...

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August 6, 2024 / Comments (0)

Bank of Ghana keeps Policy Rate at 29%

July 31, 2024 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate to be 29% marking the third consecutive time the policy rate of the Central Bank has been held...

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July 31, 2024 / Comments (0)

Lending rates drop slightly to 31.10% in June 2024

July 31, 2024 The average lending rate of banks has slightly decreased to 31.10% in June 2024, down from 31.15% recorded during the same period last year. According to data from the Bank of Ghana, this...

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July 31, 2024 / Comments (0)

Bank of Ghana launches a centralised foreign exchange trading platform to ensure the integrity of the financial system

July 31, 2024 Effective August 1, 2024, all licensed Foreign Exchange Bureaux will be required to use a centralised foreign exchange trading platform created by the Bank of Ghana (BoG) for the buying and...

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July 31, 2024 / Comments (0)

Ghana’s oil revenue increases to US$840m in first half of 2024

July 24, 2024 Ghana’s oil revenue has increased to US$840m in the first half of 2024. This amount represents a 36% increase compared to the US$540 million recorded during the same period in 2023. The...

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July 24, 2024 / Comments (0)

Financial industry, GIZ launch financial literacy campaign

July 23, 2024 Financial services players have launched an initiative to educate and empower Ghanaians with financial knowledge and information. Known as Financial Literacy and Education Campaign (FLEC),...

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July 23, 2024 / Comments (0)

Harmonized regulation non-negotiable, says BoG Governor on boosting intra-African trade

July 8, 2024 Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has acknowledged the critical role of a harmonized regulatory framework and strategic partnerships among digital space players in...

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July 8, 2024 / Comments (0)

T-bills: Government records marginal oversubscription; yields on 182-day and 364-day bills dip

June 26, 2024 The government registered a marginal oversubscription of treasury bills auction to the tune of GH¢3.60 billion. According to the auction results by the Bank of Ghana, the government...

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June 26, 2024 / Comments (0)

KfW boss lauds BOG and DBG for support for Fintechs

June 13, 2024 Arndt Wierheim, the Country Director of German Development Bank, KfW, has commended the organisers of the 3i Africa Summit, the Bank of Ghana (BoG) and the Development Bank Ghana (DBG) for...

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June 13, 2024 / Comments (0)