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Banking and Finance
T-bills auction: Government gets ¢5.06bn; sale oversubscribed by 75%
Government Treasury bills sale were oversubscribed by 75% to the tune of ¢5.06 billion.
According to the auction result…
Central banking in crisis – How BoG steadied economic ship to calm…
FOR those old enough to remember Ghana’s economic crisis of 1982/3, the country’s closest to those ugly times came last year.…
Government postpones meeting with China on debt cancellation to March 2023
Finance Minister, Ken Ofori-Atta, has hinted that a planned high-level government delegation to China has been postponed to late…
Cedi losses some stability; $1 equals ¢12.90
The recent gains by the Ghana cedi has come to a halt as the local currency lost some stability to the US dollar today February…
Inflation likely to peak in quarter 1, 2023 – BoG affirms position
The Bank of Ghana has reiterated that inflation is likely to peak in the first quarter of 2023 and gradually ease thereafter.…
GH¢83bn bonds surrendered for new ones
The government has received GH¢83 billion of its existing domestic cedi denominated bonds for new ones under the domestic debt…
Understanding how banks analyse your business loan application
Credit analysis is a complete analysis of the client's overall performance and the specific project to be financed with a loan in…
IMF agreed to central bank financing of gov’t – BoG
The International Monetary Fund (IMF) supported the Bank of Ghana’s financing of the government in 2022 as a crisis management…
We’re confident of IMF disbursement by end of March 2023- BoG Governor
The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has expressed confidence in Ghana securing a deal with the…
UMB launches new insurance products with SIC Life
Two leaders in Ghanaian financial services, Universal Merchant Bank (UMB) and SIC Life Limited have launched two new life…