Ghana’s reserves improve slightly to $2.62bn; balance of payment remains…
Ghana’s net international reserves improved slightly to $2.62 billion, about 2.8 months of import cover in February 2023, the Bank…
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New directions for monetary policy
Monetary theory in economics has consisted of various schools of thought rather than a single unified model.
Each of these…
Private sector activity expanded for first time in a year – BoG
The country’s private sector activity expanded for the first time in a year as Ghana’s Purchasing Managers Index increased to 50.2…
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.…
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…
Interest rates to go up as BoG increases policy rate to 28%
The Monetary Policy Committee of the Bank of Ghana has increased its policy rate by 100 basis points from 27 per cent to 28 per…
Ghanaians aversion to coins negatively impacts BoG’s fight against…
The Governor of the Bank of Ghana, Dr Ernest Addison has said that Ghanaians aversion towards the use of coins has an impact on…
BoG’s to admit first cohort onto Regulatory Sandbox platform
The Bank of Ghana’s Regulatory and Innovation Sandbox will be opened for admission between February 13- March 14, 2023.…
Poor performance of cedi in 2022 will not repeat itself – BoG Governor…
The dollar has begun a steady rise over the cedi in the last few weeks prompting fear the country is heading back to the dark days…
Year-to-date: Cedi depreciates by 12.7% to dollar; second weakest among top…
With only 17 days into the year, the Ghana cedi has depreciated by about 12.7% to the US dollar.
The significant fall in the…