The Bank of Ghana has dismissed reports that it has banned the opening of new dollar accounts in the country. In a public notice, the Central Bank said it had …
Ghana
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AfricaAFRICA NEWSBanking, Finance & InvestmentGhanaNewsWestern Africa
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AfricaAFRICA NEWSBusinessEconomyGhanaNewsWestern Africa
Bank of Ghana raises interest rate to 22%, the highest since 2002
The Bank of Ghana (BOG) has increased its monetary policy rate (MPR) from 19 percent to 22 percent in a bid to curb inflationary pressures and halt the depreciation of …
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AfricaAFRICA NEWSBusinessEconomyGhanaNewsWestern Africa
Ghana emergency MPC meeting: Goldman Sachs predicts 200bp hike in policy rate
Goldman Sachs, a global investment and research firm, has predicted that the Bank of Ghana (BoG) will raise its policy rate by 200 basis points (bp) on Wednesday when it …
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AfricaAFRICA NEWSBusinessGhanaNewsTechnologyWestern Africa
Vodafone Ghana plans to deploy 300 4G and 3G sites by October
Vodafone Ghana is rolling out 300 4G LTE sites and 3G sites in several communities across the 16 regions of Ghana by the end of October this year. This represents …
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AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
Fuel prices in Ghana to go up by 5.5% from August 16
Prices of petroleum products are expected to see a rise beginning today, August 16 as part of the adjustments for the 2nd pricing window of August. This was revealed by the …
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AfricaAFRICA NEWSBusinessEconomyGhanaNewsWestern Africa
Bank of Ghana convenes emergency MPC Meeting
The Bank of Ghana (BoG) is convening an emergency Monetary Policy Committee meeting on Wednesday, August 17, 2022, over recent challenges faced by the Ghanaian economy. The meeting according to …
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AfricaAFRICA NEWSBusinessFood ProductionGhanaNewsWestern Africa
Ghana EXIM Bank launches ‘Coconut for life’ project to boost production
Ghana Export-Import (EXIM) Bank has embarked on a GH¢ 30 million “Coconut for Life” project targeted at increasing the country’s coconut production. Under the project, 50,000 to one million nuts …
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Ghana-based, Float, focused on helping businesses manage cashflow, has acquired Accounteer, a Nigerian cloud-based accounting company. The deal, which follows Float’s $17 million equity and debt seed funding raised eight …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesGhanaNewsTechnologyWestern Africa
E-cedi will not affect MoMo business, says Bank Of Ghana
The Bank of Ghana has assured that its quest to implement the digital currency, also known as the e-cedi, will not disrupt or collapse the mobile money (MoMo) system. According …
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AfricaAFRICA NEWSAgricultureBusinessFood ProductionGhanaNewsOil & GasWestern Africa
Bank Of Ghana forecasts supply deficit for cocoa market in 2021/22 crop season
The Bank of Ghana is forecasting a supply deficit for the cocoa market in the ongoing 2021/22 season with cocoa prices forecast to average about $2,450 in 2022, before increasing …