Browsing Category
Economy
GSE is worst performing stock market in Africa; suffers from cedi…
The weak performance of the Ghana cedi to the dollar impacted negatively on the Ghana Stock Exchange, as the Accra Bourse was the…
Economic activity moderate as construction, port activities slowdown – BoG
The latest Bank of Ghana high frequency indicators signalled some moderation in economic activity.
According to the Central…
Cedi loses 37.5% in value to dollar as of September 30, 2022 – BoG
As of September 30, 2022, the Ghana cedi had depreciated by 37.5% to the US dollar, the Bank of Ghana has said.
At the same…
Government records fiscal deficit of 6.4% as of September 30, 2022 – BoG
Budget implementation, using banking sector data, for the first 9-months of this year recorded an elevated overall cash deficit of…
BoG dollar auction: Demand outstrips supply by $72.2m as $1 hits ¢10.92
Demand for the US dollar fell marginally again, according to the latest auction of the American ‘greenback’ by the Bank of Ghana…
Businesses to shy away from loans as BoG hikes policy rate to 24.5%
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the Policy Rate by 250 basis point to 24.5%.
This…
UK banks to shut down mobile payment service Paym, lessons for GhanaPay?
Paym, the mobile payment service launched by fifteen of the UK’s biggest banks and building societies, is shutting down after an…
T Bills, short-term securities will not be affected by Ghana’s debt…
Treasury bills and short-term securities will not be affected by the expected debt restructuring programme that the Government of…
Absa Bank projects ¢12 to a dollar end-year rate
Pan African bank, Absa, is projecting a further fall in the value of the cedi to an end-year rate of about ¢12 to a US dollar.…
Government to face difficult refinancing options in repaying maturing…
The government may face complicated refinancing options in repaying Treasury bills that will mature on October 2022
According…