BoG Pegs Cedi Depreciation To Dollar At 54%
The Bank of Ghana has pegged the rate of depreciation of the cedi to the dollar at 54.2% in almost 11 months of 2022. However, the Central Bank in its….
Tag: BoG
Total Mobile Money Transactions Hit ¢833.3bn In October 2022 Despite E-levy Implementation
Despite the implementation of the Electronic Transaction Levy (E-Levy), total Mobile Money transactions in the first 10 months of 2022 grew by 12.9% year-on-year to ¢833.3 billion, the latest Summary….
BoG To Continue Policy Rate Hiking Cycle As Part Of IMF Condition – Fitch Solutions
The Bank of Ghana will continue its policy rate hiking cycle, increasing the benchmark interest rate to 27% by the end of 2023. According to international research institution, Fitch Solutions,….
Cedi’s Recent Performance To Be Sustained For Few Weeks – Currency Analyst
The recent improvement in the value of the Ghana cedi against the US dollar is expected to be sustained in the next couple of weeks, Lead Researcher at GCB Capital….
We Are Not Illegally Transferring Funds Offshore – BoG’ Denies TUC Research Director’s Claim
The Bank of Ghana has taken a swipe at comment by the Director of Research at the Ghana Trades Union Congress (GTUC), Dr. Kwabena Nyarko Otoo that the Bank of….
Interest Rates Hit 34%; Government T-bills Undersubscribed By 34%
Interest rates on government securities shot up to 34% last Friday, October 28, 2022, but government failed to achieve its target in the latest Treasury bills auction. This may be….
BoG Revokes License Of Two Popular Forex Bureaus In Accra
The Bank of Ghana has revoked the license of the Airport City Forex Bureau within the Atlantic Tower building and Trade House Forex Bureau Ltd, a popular forex bureau at….
Over Reliance On Monetary Policy To Fight Inflation, Stabilise Cedi Not Oorking – GNCCI
The Ghana National Chamber of Commerce and Industry (GNCCI) is raising concerns about the excessive reliance on monetary policy by the Bank of Ghana to control inflation and the cedi’s….
$1.13bn Cocoa Syndicated Loan: First Tranche Expected To Hit BoG Account Today
The first tranche of the $1.13 billion cocoa syndicated loan is expected to hit the account of the Bank of Ghana today, October 26, 2022. Sources indicate that about $790….
Debt Restructuring To Weaken Cedi; BoG Partly To Blame For Cedi Woes – JP Morgan
Global leader in financial services and US firm, JP Morgan has warned that the probable debt restructuring of Ghana’s debt would further weaken the Ghana cedi, even if an increase….