Cedi Continues Rise Against Dollar; Gained 0.81% Last Week
The Ghana cedi continued to rise steadily against the US dollar amidst the Bank of Ghana’s tight foreign exchange intervention. Last week, the local currency gained about 2.31% in value….
Tag: BoG
BoG Must Be Blamed For High Inflation – Professor Williams Peprah
US-based Associate Professor of Finance at Andrews University in Michigan USA, Williams Kwasi Peprah, has accused the Bank of Ghana for high inflation in the country. The Bank of Ghana….
Bog Cannot Justify Scale Of Lending To Government – IEA Director Of Research
The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has stated that the Bank of Ghana’s justification of its financing of government budget in 2022….
BoG Justifies Financing Of Government’s 2022 Budget With ¢44.5Bn
The Bank of Ghana (BoG) has justified financing of the government’s 2022 budget with about ¢44.5 billion. According to the Central Bank, its net claims on the government increased by….
Demand For Dollars Ease; Bog Sold Only $9.2m On Spot Market
Demand for dollars continued to ease as the Bank of Ghana sold only $9.2 million on the spot market last week (January 30 – February 3, 2023). Analysts and Market….
Ghana To Securitise $3.3bn In Central Bank Loans
Ghana plans to convert an estimated ¢40 billion ($3.3 billion) of loans owed to its central bank into bonds, making it the single biggest holder of domestic government securities and….
Economic Activity Moderates; But Business, Consumer Confidence Improves – BoG Governor
Economic activity moderated in the fourth quarter of 2022, the Bank of Ghana’s high frequency indicators has disclosed. The updated Composite Index of Economic Activity (CIEA) contracted by 6.2% in….
Total Mobile Money Transactions Hit Record ¢1.07trillion In 2022
Total Mobile Money transactions in 2022 hit a record ¢1.07 trillion despite the existence of the Electronic Transaction Levy (E-Levy), the January 2022 Summary of Economic and Financial Data by….
BoG Needs To Work Hard On Threats To Solvency Of Banks – Banking Consultant
Banking Consult, Dr. Richmond Atuahene has adviced the Central Bank to put its best foot forward to eliminate the various increased pressures on the liquidity of banks and the threat….
Policy Rate Increases To 28%; Cost Of Loans To Surge
The Monetary Policy Rate of the Bank of Ghana has increased its policy rate – the rate at which it lends to commercial banks – by 100 basis points to….