Policy Rate To Be Kept At 30% At Next MPC Meeting – Fitch Solutions Predicts
Fitch Solutions is forecasting a steady policy rate of 30.0% by the Bank of Ghana at its next meeting in September 2023. It however believes that the Central Bank will….
Tag: BoG
BoG Restores Forex Licenses Of Fidelity Bank And First National Bank – Governor
Governor of the Central Bank, Dr Ernest Addison says it has restored the forex licenses of Fidelity Bank Ghana and First National Bank Ghana. This comes after the two financial institutions breached….
All Banks Submit Recapitalisation Plan Ahead Of September 2023 Deadline – Governor
The Bank of Ghana has announced that all banks have submitted their recapitalisation plan. This is ahead of the September 2023 deadline. The Domestic Debt Exchange Programme (DDEP) has impacted….
Cedi’s Outlook To Be Stable This Week
The outlook of the cedi is expected to be stable this week despite the near-term outlook remaining a concern. Many analysts believe the local currency will benefit from the weakening….
Parliament To Subpoena BoG Governor, Dr. Addison Or Failing To File Financial Statement
The Minority Caucus in parliament says it will engage the Speaker of the House to subpoena the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison to explain why….
Ghana Overtake Egypt With Highest Interest Rates Among 15 Top African Countries
Ghana overtook Egypt with the highest interest rates among 15 top African countries. According to the Weekly Fixed Income Update compiled by some investment firms, the rates of about 24.39%….
BoG To Sell $120M To BDCs In Quarter 3, 2023
The Bank of Ghana would sell $120 million to Bulk Oil Distribution Companies (BDCs) in the third quarter of 2023. This will be done via the FX Forward Auction Calendar….
Former BoG Deputy Governor, Millison Narh Has Died
A former Deputy Governor of the Bank of Ghana (BoG), Millison Narh, has died. He died after a short illness in the U.S.A. Mr. Narh retired from the BoG as….
Urgently Work With BoG To Address High Inflation; Expand Tax Net Instead Of Introducing New Ones – GNCCI To Government
The Ghana National Chamber of Commerce and Industry (GNCCI) is calling on the government to urgently work with the Bank of Ghana to find innovative ways of addressing the high….
ECG, Police, BoG And 5 Other Public Institutions Being ‘Grilled’ By Special Prosecutor
The Special Prosecutor, Kissi Agyebeng has released his half-yearly report of activities which his office has overseen for the first half of the year. The report offers insight into the corruption cases….