Tag Archives: BANK

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has published its timetable for the 2024 year to provide certainty to the markets. The MPC meetings are to assess current economic conditions and the inflation outlook. After deliberations, the monetary policy rate decision is finalized by a vote …

A provision of GH¢4 billion was made in the 2024 Budget to address the National Investment Bank (NIB), GH¢4 billion provision has been made by the government in the 2024 Budget to address the National Investment Bank (NIB), “Mr. Speaker, in addition, a provision of GH¢4 billion has been made …

The World Bank has approved a fresh $700m loan for Nigeria.   It disclosed this in a statement published on its website on Friday, Sept. 22.   The new loan is to provide additional funds for an ongoing project known as the Adolescent Girls Initiative for Learning and Empowerment.   …

The Office of the Special Prosecutor (OSP) has reportedly told the court that the bank account of a late brother of the former Minister for Sanitation and Water Resources, Cecilia Dapaah, is still active. According to a news report by myjoyonline.com, copies of documents the OSP filled in court indicated that …

It is no news that Ghana’s inflation rates keep getting higher and higher causing the cost of living to be very unbearable for the layman. Due to the severity of not being able to cater for basic needs, some people, especially the youth have decided that relocating for greener pastures …

President Yoweri Museveni has criticised the World Bank’s decision to suspend new funding to Uganda in response to a harsh anti-LGBTQ law and has promised to find alternative sources of credit. Museveni, who has been in office since 1986, said in a statement on Thursday that Uganda was trying to …

The World Bank has suspended any future funding for projects in Uganda, citing human rights violations from the recent enactment of the anti-homosexuality law. A statement from the Bank says further funding is being frozen until authorities in Uganda provide adequate policy to protect minorities, including the lesbian, gay, bisexual, …

GhanaWeb can confirm that the embattled former minister of sanitation and water resources, Cecilia Abena Dapaah’s assets and bank accounts containing millions of dollars and cedis have been frozen by the office of the Special Prosecutor. Documents sighted by GhanaWeb from our sources at the court also confirmed that the Office of the …

The minority in Parliament has issued a directive to Dr. Ernest Addison, the governor of the Bank of Ghana, demanding the reinstatement of over 32 billion cedis in government debt that was previously written off under the DDEP. The directive comes amid revelations that the Bank of Ghana incurred losses exceeding 60 billion …

The World Bank says some 850,000 Ghanaians were pushed into poverty in 2022 because of rising prices of goods and services. The Bank said this in its latest Ghana Economic Update report titled: “Price Surge: Unravelling Inflation’s Toll on Poverty and Food Security,” launched in Accra on Wednesday. The inflationary …