Tag Archives: bank of ghana

•The central is set announce a new policy rate today •The MPC at its 100th meeting slashed the rate by 100 basis points at 13.5 from 14.5 percent. •The rate will be of keen interest to businesses operating in the country The Bank of Ghana’s Monetary Policy Committee is set to …

The central bank’s Monetary Policy Committee (MPC) has lowered the policy rate by a 100 basis point at 13.5 percent from 14.5 percent. Announcing the decision at its 100th MPC press conference, Governor of the Bank of Dr. Ernest Addison on May 31 said this was based on risks to the country’s …

    The Central Bank says there is a rebound in economic activity, judging from its high-frequency indicators which have continued to pick up in recent times. It said although business and consumer sentiments softened on the back of the surge in COVID-19 cases in the early months of 2021, the rollout …

The Member of Parliament for the Ejisu Constituency in the Ashanti Region, Dr John Ampontuah Kumah, has applauded the Bank of Ghana for instituting measures to formalize crowdfunding in Ghana.    According to the Member of Parliament, the policy direction by the Bank of Ghana on how individuals and organizations …

Ghana’s central bank, Bank of Ghana (BoG), has been named winner of the 2019 Central Banking Awards. The global awards scheme’s report stated that BoG demonstrated its strengths with the delivery of a major banking sector and the microfinance clean-up operation. It added that the BoG has had an impressive …

Police in Kumasi are investigating the circumstances under which a driver of the Bank of Ghana allegedly shot to death his lover in a hotel room in the Ashanti regional capital. Edwin Awuku and Maame Yaa, believed to be lovers, reportedly checked into the hotel in the evening of New …

The International Monetary Fund (IMF) says Ghana’s current inflation target range of 8±2% is relatively high compared to its peers in sub-Saharan Africa (SSA). This is clearly attributed to its high-interest rates on the continent. Ghana’s yield of about 14 and 15% on Treasury Bills and 24% average lending rate …

The Head of Currency Management at the Bank of Ghana, John Gyamfi, says the Central Bank for the foreseeable future will continue to print Ghana’s currency notes with well-proven and trusted international companies as local firms lack the capacity to execute such jobs. The comment follows the revelation that the …

President Nana Akufo-Addo has tasked the Governor of the Bank of Ghana, Dr Ernest Addison, to deal with the issue of high interest rates in the country. Addressing the CEOs Executive Forum in Accra on Wednesday, 6 November 2019, the President said: “I have requested the Governor of the Bank …

The Bank of Ghana has dismissed one of its staff, Mr Gilbert Addy, for allegedly engaging in bribery and corruption. “The Bank of Ghana has today dismissed an official, Mr Gilbert Addy, for gross misconduct in relation to corrupt transactions and for accepting bribes in connection with the award of …