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….
Tag: BoG
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….
BoG, Finance Ministry Commit To Zero-Financing Of Budget As IMF Pre-Condition
The Bank of Ghana says it has reached an agreement with the Finance Ministry to commit to zero financing of this year’s budget and subsequent ones. Joy Business is learning….
Cedi To Continue Stability Against Dollar
The Ghana cedi is expected to further stabilise against the US dollar on the back of continued Bank of Ghana support. The cedi traded at a mid-rate of ¢12.90, losing….
Cocoa Bills Default: Bog, COCOBOD Agree To Allow Banks To Use COCOBOD’s Deposits To Pay Retail Customers
The Bank of Ghana, Ghana Cocoa Board (COCOBOD) and the commercial banks have agreed to allow banks to use COCOBOD’s deposits/placements at the banks to cater for retail customers who….
Gold Has Picked; We Can Buy Enough To Sustain ‘Gold-For-Crude’ Programme – BoG
The Director of Financial Market at the Bank of Ghana (BoG) Stephen Opata has assured that the central bank can buy enough gold to ensure the Gold-for-Crude programme is sustained…..
Gold-for-crude: BoG Must Stop Being Sole Custodian Of Forex To Save Itself From Blame Over Cedi Woes – Kwakye
The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has asked the Bank of Ghana (BoG) to stop being the only custodian and source of….