We Have Strong Buffers – BoG
The Governor of the Bank of Ghana, Dr Ernest Addison, has insisted that the central bank does not need a positive equity to be able to effectively play its role….
Tag: BoG
Total Mobile Money Transactions Hit ¢1.190Trn In Eight Months Of 2023 – BoG
Total Mobile Money transactions in the first eight months hit a record ¢1.190 trillion, according to the September 2023 Summary of Economic and Financial Data from the Bank of Ghana…..
T-bills Auction: Government Achieves 25% Oversubscription; Interest Rates Up For 5th Month Running
Interest rates surged for the 5th month running despite government recording 25.7% oversubscription of treasury bills auction. According to auction results from the Bank of Ghana, total bids tendered for the….
Ghana’s Gross Reserves Stood At 1.0 Month Of Import Cover In August 2023; Trade Surplus Hits $2.016Bn – BoG
Ghana Gross International Reserves (GIR) excluding Encumbered Assets and Petroleum Fund stood at $2.08 billion in August 2023, about 1.0 month of import cover. According to the Bank of Ghana’s….
Cedi Expected To Remain Stable Against Dollar This Week; $1 Going For ¢11.58
The Ghana cedi is expected to remain relatively stable against the US dollar this week as risk-off investor sentiment cools off. Demand for US dollar last week outstripped supply despite….
T-bills: Interest Rates Climb To 32.17%; Government Misses Target By 10.8%
Interest rates climbed again on the money market indicating the rising cost of government’s domestic debt. According to auction results by the Bank of Ghana, the yield on the 364-day….
T-bills Auction: Government Achieves 13.21% Oversubscription; Interest Rates Reach Nearly 32%
Government exceeded its treasury bills target by over 13 percent to the tune of ¢2.94 billion, but interest rates continued to surge disturbingly. According to the latest auction by the….
Cedi To Exhibit Mixed Performance Against Dollar This Week; Going For ¢11.48
The Ghana cedi will continue to exhibit mixed performance this week against the major foreign currencies as renewed corporate demand surges. This is coming after the local currency recorded mixed….
BoG Only Financed Govt 2 Out Of 6 Years To Address Crisis – Dr Addison
The Bank of Ghana (BoG) has debunked claims that it has been providing financing for the government every year. According to the Central bank, in the past six year, it provided financing….
Impact Of DDEP Impairment Losses On Banking Sector And Role Of Ghana Financial Stability Fund – The Case Of Local Banks
The Ghanaian financial sector has been in severe distress, characterised by an insolvent banking system as result of the domestic debt exchange in 2022. Using the 16% discount rate for….