The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained its policy rate at 25.5 percent today, citing the declining trends observed in headline inflation, core inflation and postive inflation expectations.
Tag: Governor of the BoG
Ghana Keeps Key Rate at 26% for 3 Consecutive Times
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained its policy rate at 26% for three consecutive times this year, citing declining inflation and stability of the Ghana Cedi.
Ghana Maintains Key Policy Rate for 2 Consecutive Times
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained its policy rate at 26% for consecutive times this year, citing a balanced risks to inflation and growth. The policy rate is the rate at which the Central Bank does its overnight lending to the universal banks in the country. It also influences […]
Ghana: Economy Tumbles But BoG Paints Rosy Picture
Ghanaians are living under mysterious economic conditions, following a revelation by the Bank of Ghana (BoG) that the fiscal consolidation efforts instituted by the government are on track.
Ghana to Release $20M Daily to Stabilise Currency
The Bank of Ghana (BoG) has decided to intervene on the foreign exchange market with a daily supply of $20 million to allow foreign investors to participate in the country’s short-term debt instruments.
Fuel Prices: NPA Accused Of Milking The People
THE drastic reduction of crude oil from $115 per barrel to about $80 on the world market has compelled the opposition New Patriotic Party (NPP) to urge the government to reduce fuel prices accordingly.
Banking Assets Shoot Up By 39.7 percent
TOTAL assets of banks operating in Ghana have risen significantly at the time that the Ghanaian economy is reported not to be doing well. From January to July this year, the country’s total banking assets increased by 39.7 percent to GH¢44.2 billion in July 2014.
Banks’ Assets Surge But Businesses Can’t Access Credits
By Mashood A Kunateh in Accra, Ghana Total assets of banks operating in Ghana have risen significantly at the time that the Ghanaian government is lacing its boots to go for International Monetary Fund’s (IMF’s) bailout. From January to May 2014, the banking sector remains sound and continues to expand, evidenced by strong asset growth, […]