BoG maintains policy rate at 13.5% for third time

September 28, 2021 The Monetary Policy Committee of the Bank of Ghana (BoG) has maintained the policy rate at 13.5%. The policy rate is the rate at which the Central Bank lends to commercial banks in the...

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September 28, 2021 / Comments (0)

Bank of Ghana revises mergers and acquisitions directive

August 10, 2021 The Bank of Ghana still reserves the sole right to approve any merger, acquisition or transfer of shares and stakes in any regulated financial institution. This is according to the new...

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August 10, 2021 / Comments (0)

BoG abolishes seven nuisance bank fees & charges

June 21, 2021 The central bank has abolished seven nuisance fees and charges as well as other practices in the banking sector, in a bid to ensure that the interests of customers of banks and Specialised...

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June 21, 2021 / Comments (0)

BoG cuts policy rate to 13.5%, first time since March 2020

June 1, 2021 In its quest to foster economic growth and ensure financial stability in response to developments on the local and external front, the Monetary Policy Committee, MPC, of the Bank of Ghana,...

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June 1, 2021 / Comments (0)

Profits of leading banks increased in 2020 despite COVID-19 outbreak

April 6, 2021 Data from the financial statements of some leading banks in the country for the year ended 2020, shows increases in profits for some and some declines for others. This can be gleaned from...

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April 6, 2021 / Comments (0)

Ghana cedi expected to be stable for the rest of 2021

February 25, 2021 Senior Economic Analyst with Databank, Courage Kingsley Martey, is confident the cedi will sustain its stability throughout the year 2021. The cedi, which began the year selling at 5 cedis...

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February 25, 2021 / Comments (0)

T-Bills oversubscribed at 96 percent; interest rates fall

February 10, 2021 Latest figures from the Central Bank of Ghana have shown some high falls in treasury rates with a recorded value of 96 percent oversubscription in the recent treasury bills sales. According...

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February 10, 2021 / Comments (0)

Lingering impact of COVID-19 causes decline in Ghana’s trade numbers

November 26, 2020 Latest data from the Bank of Ghana’s Summary of Macroeconomic and Financial Data for November 2020, shows that the country as of October 2020 had received $12 billion from its exports...

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November 26, 2020 / Comments (0)

BoG picks Central Bank of the Year award

October 15, 2020 The Bank of Ghana (BoG) has been honoured at the seventh Central Banking Awards. The Governor of the BoG, Dr Ernest Addison received the Central Bank of Year award on behalf of the...

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October 15, 2020 / Comments (0)

Bank of Ghana maintains policy rate for 3rd consecutive time at 14.5%

September 29, 2020 The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 14.5 percent after a similar decision in May and July of this year. This makes it the third consecutive...

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September 29, 2020 / Comments (0)