Economic activity contracts but consumer confidence improves – BoG
The January 2023 update of the Bank of Ghana’s Composite Index of Economic Activity (CIEA) indicates a contraction in economic…
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Bank of Ghana urges Parliament to prioritise passage of revenue bills
The Bank of Ghana (BoG) has asked Parliament to prioritise the passage of revenue bills before it to help strengthen the country's…
Cedi depreciates by 22.1% in March 2023 – BoG
The Bank of Ghana has put the depreciation of the cedi to the dollar at 22.1% as of March 2023.
In its latest Summary of…
Average lending rates shoot up marginally to 36.64% – BoG
Average lending rates shot up marginally to 36.64% in February 2023, from 35.58% recorded in December 2022, data from the Bank of…
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…
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…