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….
Tag: BoG
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….
Charges Not Disclosed To Borrowers In Loan Agreements Null And Void – BoG
The Bank of Ghana (BoG) has announced that charges that are not disclosed to a borrower in a loan agreement should be considered null and void. Describing borrowers who may….
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%….
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….