Demand for dollars by dealers outstripped supply by $84.5 million, latest data from the Bank of Ghana has revealed. This is a reduction of the $105.25 million recorded during the …
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GUTA threatens to close shops over Cedi depreciation
Members of the Ghana Union of Traders Association (GUTA) will on Monday close all shops in the Greater Accra Region to express their displeasure about the depreciation of the Cedi …
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BoG cautions public against engaging services of 19 unlicensed loan providers
The Bank of Ghana (BoG) has warned the public not to engage the services of some 19 unlicensed entities for loans. The Central Bank said the operations of these institutions …
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Goldman Sachs expresses worry over Ghana’s delay in closing IMF deal
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 …
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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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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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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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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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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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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 …