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Banking and Finance
Namibia’s Central Bank Governor talks maintaining Economic Stability
The Bank of Namibia is seeking a balance between economic growth and fiscal stability, having implemented several lending rate…
Letshego Eases Back-to-School Expenses For Families With Reduced Rates…
Letshego Ghana, which is a subsidiary of Letshego Africa (Letshego Group) and advocates for education affordability, has launched…
Only 4% of bank lending goes into agric; Food security at risk – C-Energy…
Only 4.0% of total bank lending in Ghana went into agriculture in the last five years.
According to C-Energy Global Holdings,…
Cedi loses 0.7% in value to dollar as of January 2024 – BoG
The Ghana cedi has lost about 0.7% in value to the dollar so far this year, the Bank of Ghana has revealed.
According to its…
Total Mobile Money transactions hit record GH¢1.912trn in 2023
The total value of Mobile Money transactions reached a record level in 2023.
According to the January 20243 Summary of Economic…
Average lending rate ends 2023 at 33.75% – BoG
Average lending rate closed 2023 higher at 33.75% per annum, according to data from the Bank of Ghana.
This equivalent to 2.81%…
Monetary Policy Committee cuts policy rate to 29.0%
The Monetary Policy Committee of the Bank of Ghana (BoG) has cut its key lending rate to 29.0% from 30% in line with most analysts…
T-bills auction: Government records 121.4% oversubscription; Interest rates…
The government recorded 121.4% oversubscription of Treasury bills to the tune of GH¢5.606 billion.
This follows the inflow of…
BoG approves recapitalisation plans of undercapitalised banks – IMF
The Bank of Ghana has approved the recapitalisation plans submitted by undercapitalised banks, the Staff Report by the…
Bank of Ghana cannot be faulted in revoking the license of GN Bank – Court
A Human Rights Court in Accra has dismissed the application filed by Dr Papa Kwesi Nduom, GN Savings and Loans, and another for…