Inflation To Remain Above 10% Until End-2025 – BoG
Barring any unanticipated shocks, inflation is projected to gradually trend downwards but remain above the upper band of 8±2% until the end of 2025. According to the May 2023 Monetary….
Tag: BoG
Bank Of Ghana Warns The Public About 97 Unlicensed Loan Apps
The Bank of Ghana (BoG) has asked Ghanaians to desist from dealing with some 97 unlicensed financial institutions engaged in giving out loans to people. The Central Bank also cautioned….
T-bills Auction: Interest Rates Rise To 27.8%; Government Records 6.4% Oversubscription Of Target
Government recorded about 6.4% oversubscription of its treasury bills target of ¢2.63 billion but an increasing cost. According to figures from the Bank of Ghana, interest rates surged for the….
Locked Up Funds On MoMo Accounts: Govt, BoG Working To Ensure Subscribers Retrieve Their Cash – Ursula
The Minister of Communications and Digitalisation Ursula Owusu-Ekuful has said that the Ministry has become aware of persons whose funds have been locked up on the Mobile Money (MoMo) accounts….
Cedi Depreciation Against Dollar Slows Down; May Record Mixed Performance This Week
The Ghana cedi slowdown its deprecation against the dollar last week, as the local currency lost only 1.28% on the retail market. The cedi also lost 2.60% in value to….
Economic Reforms And Financial Discipline Required To Strengthen The Cedi – Kwakye
Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said that fiscal discipline is needed to strengthen the Cedi. Bloomberg reports that Ghana’s currency is….
Rate Of Credit To Private Sector Moderates – BoG
The rate of growth for credit extended to the private sector has slowed down, as a cocktail of factors – including a tight monetary policy stance, banks’ portfolio rebalancing and….
Bank Of Ghana Act Needs Clarity – Governor Addison
The Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said the current Act that governs the operations of the central bank needs clarification. For example, he said there is….
Investments, Loans Among Top 5 Products Of Banks With Complaints In 2022 – BoG
The top five products or services that received most complaints in 2022 were investments, loans, current accounts, digital and electronic-money. For investments, the complaint data suggested that investment products and….
No Bank Has Asked For Liquidity Support – BoG
The Governor of the Bank of Ghana (BpG) Dr Ernest Addison has said that at the moment no bank in Ghana has applied for liquidity support from the central bank. He however….