interest rate
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Interest rates near 36% as government achieves T-bills target

November 21, 2022 Interest rates neared 36% on the money market, though fell short of the October 2022 inflation of 40.4%. This indicates that the return on investments remains negative. According to the...

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November 21, 2022 / Comments (0)

Interest rates continue to surge

February 24, 2022 Interest rates continue to surge on the domestic market as challenges within the fiscal economy lingers on. According to the auctioning results of the weekly Treasury bills by the Bank of...

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February 24, 2022 / Comments (0)

Sub-20% interest rates needed for businesses to be competitive – GUTA

June 2, 2021 President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng says until interest rates on loans drop below the 20 percent mark, the recent reduction in the monetary policy...

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June 2, 2021 / Comments (0)

Bank of Ghana cuts policy rate by 150 basis points over Coronavirus [COVID-19]

March 19, 2020 The Bank of Ghana has reduced its benchmark policy rate by 150 basis points as its first response to the strain that the Coronavirus disease (COVID-19) is imposing on the economy. The...

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March 19, 2020 / Comments (0)

Re-examine current interest rates – President Akufo-Addo urges BoG

November 7, 2019 President Nana Addo Dankwa Akufo-Addo has asked the Governor of the Bank of Ghana (BoG) to take another look at the existing interest rates in the country. He said a downward review of the...

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November 7, 2019 / Comments (0)

No new banking applications yet — Bank of Ghana

September 25, 2019 The Bank of Ghana (BoG) has stated that it is not processing any application for a fresh banking licence to new entrants into the banking sector. The Governor of the BoG, Dr Ernest Addison,...

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September 25, 2019 / Comments (0)