Bank Of Ghana Hikes Monetary Policy Rate To 29.5%
The Monetary Policy Committee of the Bank of Ghana has announced a hike in the policy rate by 150 basis points to 29.5 percent from an earlier 28 percent announced in January….
Tag: bank of ghana
BoG Funded Govt To Save Economy – Addison
Ernest Addison, the Governor of the Bank of Ghana (BoG), has defended the central bank’s decision to finance government’s expenditure last year. According to Dr. Addison, Ghana’s economy would have….
Confidence in the Ghanaian economy is diminishing – BoG data
Data from the Bank of Ghana indicates a downward trajectory of both consumer and business confidence in the general economy since the end of 2020. Both the Consumer and Business….
Gold-For-Oil Programme Has Two Legs – BoG
First Deputy Governor of the Bank of Ghana (BoG) Dr Maxwell Opoku Afari has explained that the Gold-for-oil initiative has two legs. These are gold purchase programme and then oil legs. Appearing….
BoG Needs To Work Hard On Threats To Solvency Of Banks – Banking Consultant
Banking Consult, Dr. Richmond Atuahene has adviced the Central Bank to put its best foot forward to eliminate the various increased pressures on the liquidity of banks and the threat….
Gold For Oil: BOST Begins Selling Of First Consignment Of Fuel
JoyNews can confirm that the Bulk Oil Storage and Transportation Company (BOST) has today, Thursday, January 19 started selling petroleum products procured under the gold for oil barter arrangement. Reports….
Gold For Oil: We Have Sufficient Gold To Sustain The Deal – Bank Of Ghana
The Bank of Ghana (BoG) has calmed the fears of Ghanaians over government’s ability to provide enough gold for its Gold for Oil policy. The Central Bank says the country….
Cedi-Dollar Ratio: The Exchange Reflects A Lot Of Day-To-Day Pressures In The Economy – BoG Boss
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said that the exchange rate reflects a lot of day-to-day pressures in the economy. The local currency which witnessed marginal….
BoG Promotes Innovation In Financial Services Sector
The Head of Fintech and Innovation at Bank of Ghana, Kwame Oppong, has said the central bank has implemented a regulatory reform to enable innovation in the financial services industry….
BoG Buys 26,000 Ounces Of Gold From Newmont
Newmont becomes the first gold mining company in Ghana under the Domestic Gold Purchasing Programme to sell gold to the Bank of Ghana following the procurement of 26,000 ounces of….