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Bond Market: Total turnover increased sharply by 88.89% to new high of ¢2.06bn

November 29, 2023 The local secondary bond market experienced significant improved trading activity last week. The total market turnover broke the ¢2 billion mark to an all-time post-Domestic Debt Exchange...

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November 29, 2023 / Comments (0)

Credit to private sector contracts by 31.6%, but banking sector liquid – BoG

November 29, 2023 Credit to the private sector contracted in October 2023 and September 2023. According to the Monetary Policy Report of the Bank of Ghana, banks continue to deploy their resources towards...

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November 29, 2023 / Comments (0)

MPC keeps policy rate at 30%

November 29, 2023 The Monetary Policy Committee of the Bank of Ghana (BoG) has kept the Policy Rate at 30.0%. The Committee kept the rate at which it lends to commercial banks unchanged due to concerns about...

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November 29, 2023 / Comments (0)

Average lending rate surges to 32.69% – BoG

November 27, 2023 Average lending rate surged to 32.69% in October 2023, data from the Bank of Ghana has revealed. This is equivalent to an average of 2.724% per month on loans charged by the banks According...

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November 27, 2023 / Comments (0)

Germany pledges continued support for Ghanaian farmers in coping with challenges

November 27, 2023 The German Ambassador to Ghana, Daniel Krull, has assured farmers in the country of support to cope with the challenges they encounter. According to him, the challenges of the farmers...

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November 27, 2023 / Comments (0)

Economy to reach gradual path to recovery in 2024, but lower than pre-pandemic average – Fitch Solutions

November 22, 2023 Fitch Solutions has reiterated that Ghana’s economy will reach the gradual path to recovery in 2024. However, growth will remain below its pre-pandemic average of about 5%. The UK-based...

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November 22, 2023 / Comments (0)

Ghana has a huge food market for Investment- Fairtrade boss

November 22, 2023 Mr. Pau März, Managing Director of Fairtrade, has noted that, with an almost 40 million population, Ghana has a significant food market for investment. He added that the country’s...

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November 22, 2023 / Comments (0)

Cedi depreciation slowed down last week; one dollar equals ¢12.18

November 21, 2023 The Ghana cedi would remain relatively stable this week, following the recent approval of the $800 million cocoa syndication loan by Parliament, and the $102.6 million African Development...

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November 21, 2023 / Comments (0)

G20-led summit for Africa highlights renewed interest in fast-growing continent

November 21, 2023 Leaders from more than a dozen African countries will gather in Germany over the next two days for the G20 Compact with Africa conference, which aims to help bolster private investment in...

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November 21, 2023 / Comments (0)

Ecobank and African Guarantee Fund sign $200m risk-sharing agreement

November 20, 2023 Ecobank and the African Guarantee Fund (AGF), a specialised pan-African guarantee provider, have joined forces in a groundbreaking $200 million risk-sharing agreement, aimed at catalysing...

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November 20, 2023 / Comments (0)