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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)

T-bills auction: Interest rates surge to 32.50%; government records marginal undersubscription

October 11, 2023 Interest rates continued to surge on the money market despite the government securing a marginal undersubscription of treasury bills auction. According to the auction results from the Bank...

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October 11, 2023 / Comments (0)

BoG commences development of framework to assess sustainability of banks – Governor

October 10, 2023 The Bank of Ghana has commenced the development of a Business Model and Viability Analysis (BMVA) Framework to enhance its supervisory practices for assessing the sustainability of banks’...

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October 10, 2023 / Comments (0)

Monetary policy rate held steady at 30%

September 26, 2023 The Bank of Ghana has maintained the monetary policy rate at 30 per cent after reviewing developments in the economy. This means that the lending rate in the country will remain steady. It...

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September 26, 2023 / Comments (0)

Average lending rate remains within 31% bracket

September 26, 2023 Average lending rate continue to remain within the 31% bracket after falling from a high of 35.8% in January 2023 to 31.15% in June 2023. This is equivalent to an average of 2.583% per...

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September 26, 2023 / Comments (0)