Average Lending Rates Shoot Up Marginally To 36.64% – BoG
Average lending rates shot up marginally to 36.64% in February 2023, from 35.58% recorded in December 2022, data from the Bank of Ghana has revealed. This is equivalent to 3.02%….
Tag: BoG
Ghana’s Reserves Improve Slightly To $2.62Bn; Balance Of Payment Remains Negative
Ghana’s net international reserves improved slightly to $2.62 billion, about 2.8 months of import cover in February 2023, the Bank of Ghana has revealed in its March 2023 Summary of….
GSE, Bog To Establish Formalisation Committee For Foreign Exchange Market
A 5-member delegation, led by the Managing Director of the Ghana Stock Exchange(GSE), Ms. Abena Amoah, paid a courtesy call on Governor Ernest Addison and Management of Bank of Ghana…..
T-bills Auction: Interest Rates Fall To 19%; Government Gets ¢4.20Bn
Interest rates remarkably fell significantly within just a week, following the government’s decision to reject bids with higher yields. According to the latest auction by the Bank of Ghana, the….
T-bills Auction: Government Gets ¢6.15bn At 24% Interest
The government beat the cost of its Treasury bills down significantly, securing ¢6.15 billion from the latest auction, about 121.6% oversubscription. It however accepted ¢4.52 billion of the bids from….
Domestic Debt Exchange: BoG Reiterates Position Of Closely Monitoring Banks To Prevent Insolvency
The Bank of Ghana (BoG) has reiterated that it is closely monitoring some developments among banks due to the Domestic Debt Exchange which is increasing liquidity pressures. This is to….
T-bills a=Auction: Government Gets ¢5.06bn; Sale Oversubscribed By 75%
Government Treasury bills sale were oversubscribed by 75% to the tune of ¢5.06 billion. According to the auction result published by the Bank of Ghana, participation of the 91-day T-bill….
Number Of Advertised Jobs In 2022 Falls To 32,651 – BoG
The total number of advertised jobs in selected print and online media in 2022, which partially gauges labour demand in the economy, fell by 5.3% to 32,651, the Bank of….
Cedi Lost 3.14% Value To Dollar Last Week; Near-Term Outlook Uncertain
The Ghana cedi lost about 3.14% value to the US dollar last week as the renewed depreciatory pressures set in. It started the week at about ¢12.50 to the American….
Banks Wrote-Off ¢5.9Bn As Bad Debt In 2022
Banks operating in Ghana wrote-off about ¢5.9 billion as bad debt in December 2022. According to the Domestic Money Banks Income Statement, this is about 184.2% increase over the previous….