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...

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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...

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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....

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March 16, 2022 / Comments (0)

Debt concerns, inflation push BoG to keep policy rate at 14.5%

February 1, 2022 The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 14.5 percent, citing elevated risk to inflation and debt sustainability challenges which have...

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February 1, 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...

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December 8, 2021 / Comments (0)

Bank of Ghana raises policy rate to 14.5%

November 23, 2021 The Bank of Ghana (BoG) has increased its policy rate from 13.5 percent to 14.5 percent, six months after cutting the benchmark rate. The bank said today that the increment was necessary to...

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November 23, 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...

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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...

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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...

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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,...

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June 1, 2021 / Comments (0)