BoG raises policy rate to 19%

May 26, 2022 The Monetary Policy Committee of the Bank of Ghana has raised the policy rate by 200 basis points to 19 percent. At a press briefing, the central bank said: “In sum, the Committee...

Written by:

May 26, 2022 / Comments (0)

Bank of Ghana increases policy rate to 17%

March 21, 2022 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate by 250 basis points to 17 percent. This is the first time the Central Bank has increased the key...

Written by:

March 21, 2022 / Comments (0)

Fuel price set to cross GH¢10 per litre

March 16, 2022 Fuel prices are set to cross the GH¢10 per litre mark this week after the depreciating cedi and rising crude oil prices sustained increments in ex-pump prices since November last year....

Written by:

March 16, 2022 / Comments (0)

Be patient with central banks in the Covid recovery process – IMF to policymakers

December 8, 2021 The International Monetary Fund (IMF) has urged policymakers around the globe to be patient with their central banks as they work to bring back inflation to the levels they were during the...

Written by:

December 8, 2021 / Comments (0)

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...

Written by:

September 28, 2021 / Comments (0)

Banks’ taste for gov’t bills over private sector lending worrying-BoG

August 3, 2021 …as it fears it can affect recovery efforts The Monetary Policy Committee (MPC) of the Bank of Ghana has expressed discontent over the declining growth in lending to the private sector...

Written by:

August 3, 2021 / 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...

Written by:

June 2, 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,...

Written by:

June 1, 2021 / Comments (0)

BoG keeps policy rate at 14.5% for second consecutive time this year

March 22, 2021 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has kept the Policy Rate at 14.5 percent for the second consecutive time this year. The policy rate is the rate at which the...

Written by:

March 22, 2021 / Comments (0)

Pandemic’s new wave pushes BoG to stay policy rate again

February 2, 2021 For the fifth consecutive time, the Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at its current rate of 14.5 percent, following risks to inflation and...

Written by:

February 2, 2021 / Comments (0)