Goldman Sachs, a global investment banking giant has raised concerns about what it describes as “No sense of urgency” by the Ghanaian government in closing a programme with the International …
BANK OF GHANA
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AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
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AfricaAFRICA NEWSBusinessGhanaNewsWestern Africa
Fitch projects Ghana’s interest cost to exceed 45% of revenue till 2024
Fitch, a global rating agency, is projecting an interest cost of more than 45% of revenue for Ghana from now till 2024. It says government interest costs reached 47.5% of …
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AfricaAFRICA NEWSBanking, Finance & InvestmentGhanaNewsWestern Africa
Bank of Ghana dismisses reports about freeze on new dollar accounts
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 …
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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 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 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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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 …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyGhanaNewsWestern Africa
Bank of Ghana buys gold in cedis
A roadmap has been developed for the implementation of the Bank of Ghana Gold Purchase Programme. Consequently, the Economic Management Team, the Bank of Ghana, Ministry of Lands and Natural …
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Bank of Ghana probes Flutterwaves’ operations
The Bank of Ghana (BoG) is conducting a review on the activities of Flutterwave in the country. This is coming after the Central Bank of Kenya ordered banks and microfinance …