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The Bank of Ghana (BoG) has launched a regulatory and innovation sandbox pilot. According to the Bank in a release, the launch took place on Thursday, February 25, 2021. The release indicated that the launch was in collaboration with EMTECH Service LLC. “This is in line with its commitment to …
Read More »New data indicates 4th quarter 2020 economic rebound
New data released by the Bank of Ghana suggests that Ghana’s economy may have begun a rebound from the contractions it suffered during the second and third quarters of 2020 as a result of the adverse impact of COVID-19 and the requisite socio-economic restrictions imposed by government to curb the spread of infection. The …
Read More »Consumer, business confidence in economy high – BoG
Consumer and business confidence in the Ghanaian economy continues to soar in spite of the difficult macroeconomic challenges facing the country, the Bank of Ghana (BoG) has said. Governor of the BoG, Dr Ernest Addison who disclosed this in a press statement on the 98th meeting of the Monetary Policy Committee (MPC) …
Read More »Economic recovery will be prolonged – Bank of Ghana cautions
The Bank of Ghana (BoG) has expressed fears that economic recovery from the havoc wreaked by the COVID-19 pandemic will take longer than initially anticipated. It said although economic activities had picked up quite well following a contraction in the second and the third quarter of last year, the resurgence in the pandemic earlier …
Read More »FULL TEXT: Bank of Ghana’s 98th Monetary Policy Committee conference
Good morning, Ladies and Gentlemen of the Media. Welcome to the 98th Monetary Policy Committee (MPC) press briefing, and the first in the year 2021. The MPC met last week and reviewed recent global and domestic developments including the outlook for the economy. Permit me to share with you highlights …
Read More »Coronavirus: Policy makers face uncertainties amid second wave
Amid the second wave of the coronavirus pandemic, policy makers currently face uncertainties on how the economy will respond, Director of Research and a member of the Monetary Policy Committee of the Bank of Ghana, Philip Abradu-Otoo, has said. Although the country’s economic growth has been projected by international ratings agency …
Read More »Here are the business fails of 2020
Just like starting a business is hard, maintaining, and ensuring due diligence can be quite tough when certain regularities are not strategically put in place. Thus the organized efforts and activities of individuals are essential to ensure the survival of an entity. Below are some major business fails in Ghana …
Read More »BoG maintains policy rate at 14.5%
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 14.5 percent. Governor of the Bank of Ghana Dr Ernest Addison said at the MPC press conference in Accra on Monday, November 23 that “The Committee noted that inflation has eased following the spike to 11.4 percent. At 10.1 …
Read More »BoG driver charged with manslaughter over death of ‘girlfriend’
The Attorney-General (AG) has asked the Police to formally charge Edwin Awuku – the man who allegedly shot and killed one Madam Comfort Owusu Afriyie – with manslaughter. This was when Awuku, a driver with Ghana’s Central Bank, appeared before a new judge at the Asokwa District Court after spending close to …
Read More »Gold, Cocoa push Ghana’s exports to US$15.6 billion in 2019 – BoG
The 2019 Financial Stability Review report released by the Bank of Ghana (BoG) has revealed that Ghana’s exports increased by 4.6 percent to $15.6 billion in 2019. This improvement in exports, according to the report, was driven largely by a 14.6 percent and 8.6 percent growth in gold and cocoa exports respectively. …
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