…likely to exacerbate further liquidity pressure on Banks and Non-bank Financial Institutions!
The cash reserve ratio is the percentage of deposits that banks must hold in reserve as cash, rather than lending it out. By increasing the cash reserve ratio from 12% to 14%, the central bank is reducing the...
Banks with a capital adequacy ratio (CAR) of less than 10 percent of their assets have been asked to submit plans for recapitalisation, Bank of Ghana Governor Dr. Ernest Addison has disclosed.
The ratio - a principal financial soundness indicator - demonstrates banks ' ability to finance their long-term capital...
Ghanaians have had to bear the brunt of economic challenges in recent years, and news of the country's struggle to secure a deal with the International Monetary Fund (IMF) for a US$3billion bailout may have left many in despair. However, there is hope on the horizon as government has...
The Bank of Ghana has reaffirmed its policy stance by increasing the Monetary Policy Rate to 29.5 percent, by 150 basis points(bps), citing the need to anchor inflation expectations towards the medium-term target of 8±2 percent.
Cumulatively, the MPC has hiked the policy rate by 1500bps on concerns to moderate...
Africa should deploy innovative resource mobilization and accelerate economic recovery from multiple crises which have eroded two decades of development gains and increased poverty, Ministers of Finance have urged.
In a Ministerial Statement adopted at the 55th session of the Conference of African Ministers of Finance, Planning and Economic Development,...
Entrepreneurship is often associated with individualism, risk-taking, and innovation in today's fast-paced world.
While these traits are undoubtedly essential for any successful venture, the critical role of the community in fostering entrepreneurial success must be considered.
In reflecting on the recent MIG Business Forum and the exciting initiatives discussed,...
Cedi climbs as lower oil price eases dollar demand
The Cedi gained against the dollar, climbing to 12.25 from 12.41 at last week’s close as FX demand eased amid a decline in oil prices. Ghanaian Finance Minister Ken Ofori-Atta said that talks are continuing with China about restructuring its debt...
The Naira depreciated against the dollar, sliding to 741 from 731 at last week’s close as FX demand increased and the central bank allowed old 500- and 1000-Naira notes to recirculate. Nigeria’s annual inflation edged higher in February, with prices rising 21.91% compared to 21.82% a month earlier. That...
When a bank fails, attention inevitably turns to its regulators. Who was asleep at the wheel? Who failed to spot the warning signs? The failure of Silicon Valley Bank (SVB) is no exception.
In the United States, these questions are often directed at many different agencies, since the system is...
Mark-to-market (MTM) also known as fair value accounting is a concept used in finance and accounting that refers to the process of valuing an asset or liability based on its current market value. The idea behind MTM is that assets and liabilities are constantly changing in value, and therefore,...