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Economy
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,…
Petrol, Diesel and LPG prices to go up marginally from February 1, 2024
Fuel prices are expected to go up marginally, beginning tomorrow February 1, 2024, the Institute for Energy Securities has stated.…
Cedi has responded positively to IMF programme – Governor
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has said that the country’s monetary policies have responded…
Consumer and business sentiments rebound – BoG
The Bank of Ghana’s latest surveys conducted in December 2023 showed a strong rebound in both consumer and business sentiments,…
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…
Ghana’s gross reserves close 2023 higher at $3.66bn; Trade surplus dips
Ghana's Gross International Reserves (GIR) excluding Encumbered Assets and Petroleum Fund ended higher at $3.66 billion in…
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…
Confidence In Payment Systems Critical To Interoperability Across Africa…
Eli Hini, Chief Executive Officer MoMo PSB Limited Nigeria has highlighted the need to build confidence in a payment system that…