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….
Tag: BoG
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….
BoG Dollar Auction: Demand Surpasses Supply By $79.7m As $1 Nears ¢13
Demand for the US dollar surged further, according to the latest auction of the American ‘greenback’ by the Bank of Ghana (BoG). Data from the Central Bank indicates that demand….
‘Arrest’ Dollar To Bring Fuel Prices Under Control — COPEC To BoG
The Chamber of Petroleum Consumers Ghana (COPEC) has asked the Bank of Ghana and the Economic Management Team to take immediate steps to halt the fast decline of the Cedi….
Use Gold To Control Rising Inflation – Jantuah Tells Govt, BoG
Energy Expert Mr Kwame Jantuah has suggested to the managers of the Ghanaian economy to use gold to control inflation in the country. In his view, Gold has the ability….
Ghana’s Gross Reserves Fall To 2.9 Months Of Import Cover In September 2022
Ghana’s Gross International Reserves fell to $6.6 billion, equivalent to 2.9 months of import cover for goods and services in September 2022, data from the Bank of Ghana has revealed…..
Ghana’s Debt Stock Up ¢9bn To ¢402.4bn In July 2022 – BoG
Ghana’s public debt stock went up by ¢9 billion in July 2022 to ¢402.4 billion, the October 2022 Bank of Ghana Summary of Economic and Financial Data has revealed. This….