Be Careful Whom You Guarantee Loans For – BoG To Consumers
The Bank of Ghana is advising consumers to be wary of whom they guarantee loans for. According to the Central Bank, the guarantor will be compelled to repay the loan….
Tag: BoG
We Are Always Ready To Tame Inflation – BoG
The Bank of Ghana has indicated its readiness to respond appropriately to tame inflation should consumer prices go up in the coming months. Speaking at the opening of a regional….
T-Bills Auction: Interest Rates Up For 36th Week Running; Government Records 33% Oversubscription
Interest rates went up for the 36th week running as the increasing cost of borrowing will bite the government in the future. The yield on the 91-day T-bill went up to….
Fitch Predicts Increase In BoG’s Foreign Reserves To $7.7Bn In 2025
Ratings agency, Fitch, is predicting an increase in the Bank of Ghana’s foreign reserves to $7.7 billion in 2025, from $4.4 billion in 2022. This will put the import cover….
NAM1 Reacts To Decision Of Police To Deposit GH₵2.‎5m At BoG
Embattled Chief Executive Officer (CEO) of Menzgold Ghana Limited, has stated that he will go back to the Ghana Police Service and take his 2.5 million Ghana cedis sent to….
T-bills Now Constitute Banks Largest Investment Portfolio; Increase To 51% From 17.8% – BoG
Investment in treasury bills now constitutes banks largest investment portfolio the Bank of Ghana has revealed in its September 2023 Monetary Policy Report. According to the report, the share of….
Banks Write Off ¢2.416Bn As Bad Loans As Of August 2023
Banks wrote off ¢2.416 billion as bad debt in the first eight months of this year, 36.4% increase over the previous year, highlights of Banks Income Statement by the Bank….
Finance Ministry, BoG Set Up Financial Oversight Desk At COCOBOD
Finance Minister, Ken Ofori-Atta confirmed to Joy News the establishment of a monitoring desk by the Ministry of Finance and the Bank of Ghana (BoG) to observe the finances of….
T-Bills Auction: Interest Rates Hit 33.01%; Government Records 24.5% Oversubscription
Interest rates shot up on the money market to hit 33.01%. This is coming despite the government recording a 24.5% oversubscription of Treasury bill sales at a lower target. According….
BoG Has Done No Wrong, Deal With Finance Ministry – Nana Otuo Acheampong To Minority
Banking Consultant, Nana Otuo Acheampong has jumped to the defense of the Bank of Ghana and its governors. According to him, the Governor of the Central Bank, Dr. Ernest Addison….