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….
Tag: BoG
MPC To Hold 112th Press Conference Today; $3Bn IMF Bailout To Feature Strongly
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will be holding its 112th Press conference today Monday, May 22. This will be the first MPC press conference after the….
Finance Ministry, BoG To Sign Mou On How To Repay $3 Billion IMF Loan
The Bank of Ghana and the Ministry of Finance are expected to sign a Memorandum of Understanding that will outline the guidelines for repaying the $3 billion loan facility from….
First Tranche Of IMF Cash To Hit BoG Account This Week
The first tranche of International Monetary Fund (IMF) cash to support the country’s balance of payment is expected to hit the Bank of Ghana’s account this week. Joy Business is….
Inflation Falls To 41.2% In April 2023
Year-on-year inflation fell for the 4th month running to 41.2% in April 2023, from 45% in March 2023, extending the disinflation process since January 2023. According to the Ghana Statistical Service,….
BoG To Continue With Policy Rate Hikes To Fast Track Inflation Decline
The Bank of Ghana (BoG) has indicated that it may hike again the monetary policy rate to help bring inflation rate down faster. The central bank argued that “the current….
DDEP: BoG Gives Banks Up To 2025 To Restore Minimum Paid-Up Capital, GH¢10bn Losses Recorded
The Bank of Ghana has given banks up to four years, ending in 2025 to ensure that their minimum paid-up capital is restored due to capital shortfall from derecognition losses from the….
DDEP: Banks Have Up To 2025 To Restore Minimum Paid-Up Capital; Industry Records Huge Loss In 2023
Banks have a maximum of four years, ending 2025, to restore the minimum paid-up capital. This is as a result of capital shortfall arising solely from the derecognition losses. According….
We Saved Economy From Collapsing – BoG
The Bank of Ghana (BoG) has justified again its financing of the budget post Covid-19, saying, failure to do so will have spelt doom for the economy. Before Covid-19 struck,….
Inflation To Average 16% In 2024 – Fitch Solutions
Inflation will average 16.0% in 2024, Fitch Solutions has projected. However, it is forecasting inflation to average 37.6% in 2023, higher than the 31.5% recorded in 2022. “As such, we….