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Cedi expected to trade steadily this week; sells at ¢11.50 to a dollar

September 5, 2023 The Ghana cedi is expected to trade steadily this week as the Bank of Ghana intervenes in the market to cool off the pressure on the local currency. Last week, the cedi came under renewed...

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September 5, 2023 / Comments (0)

Cedi to remain stable this week; gained 0.30% against dollar last week

July 26, 2023 The Ghana cedi is expected to remain stable this week against the US dollar and the other major foreign currencies due to improving foreign exchange liquidity on the market. Last week, the...

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July 26, 2023 / Comments (0)

Monetary policy rate increased by 0.5% points from 29.5% to 30%

July 24, 2023 The Monetary Policy Committee has increased the monetary policy rate by 0.5 percentage points from 29.5 per cent to 30 per cent. The increase was due elevated risks to inflation driven by...

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July 24, 2023 / Comments (0)

MPC to hold policy rate steady at 29.50%; lending rates to remain unchanged

July 19, 2023 The Monetary Policy Committee is expected to hold the policy rate at 29.50%. According to GCB Capital, this will be in support of growth and economic activity as it expects the disinflation...

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July 19, 2023 / Comments (0)

Ghana overtake Egypt with highest interest rates among 15 top African countries

July 12, 2023 Ghana overtook Egypt with the highest interest rates among 15 top African countries. According to the Weekly Fixed Income Update compiled by some investment firms, the rates of about 24.39%...

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July 12, 2023 / Comments (0)

Bank of Ghana to auction US$120 million to BDCs in 2023 third quarter

July 11, 2023 The Bank of Ghana will in the third quarter of 2023 sell $120 million to Bulk Oil Distribution Companies (BDCs) under the FX Forward Auction Calendar for the same period. the calendar, $40...

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July 11, 2023 / Comments (0)

IMF proposes acquisition, mergers of banks to mitigate financial sector instability

June 7, 2023 The International Monetary Fund (IMF) is asking government to consider a possible acquisition and mergers of banks and other non-bank financial instructions as part of moves to mitigate the...

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June 7, 2023 / Comments (0)

BoG to commence monetary policy easing in quarter 4; inflation to fall further – Fitch Solutions

May 26, 2023 The Bank of Ghana will commence a monetary easing cycle in the 4th quarter of 2023, cutting the policy rate by 200 basis points (bps) to 27.50% by end-2023. According to Fitch...

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May 26, 2023 / Comments (0)

Ghana’s new bonds trade at yields between 9.27% and 10.02% – BoG

May 25, 2023 Ghana’s new bonds (domestic bonds) traded at yields between 9.27% and 10.02% in April 2023, data from the Bank of Ghana has revealed. This follows the successful restructuring of the...

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May 25, 2023 / Comments (0)

Ghana’s debt falls to ¢434.6bn; now 71.2% of GDP – BoG

May 23, 2023 The country’s public debt dropped in December 2022 to end the year as data published by the Bank of Ghana shows debt to GDP is now 71.2 percent. Per the Central Bank’s Summary of...

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May 23, 2023 / Comments (0)