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Governor fears ballooning deficit not sustainable

Central bank governor, Ernest Kwamina Addison, said on Thursday that Ghana needs to raise more domestic revenue to tackle a ballooning budget deficit that...

Seth E. Terkper’s thoughts on BoG’s May 2020 MPC Statement

Is deficit financing back? BOG 2020 budget deficit support at 53%? It seems the Bank of Ghana (BOG) May 2020 Monetary Policy Committee (MPC)...

BoG maintains policy rate over inflation surge

  The Monetary Policy Committee of the Bank of Ghana has held the policy rate, as already anticipated, citing the recent upsurge in inflation as...

Force commercial banks to obey Policy Rate – Chamber of Commerce...

To ensure that all commercial banks cut down their lending rates to correspond with the drop in the Bank of Ghana’s policy rate to...

First Atlantic, Energy Commercial banks merger BoG expected to issue...

The central bank is expected to issue a ‘No Objection’ shortly, to allow the merger of First Atlantic Bank and Energy Commercial Bank to...

BoG to publish list of ‘unfit’ bankers

The central bank has said it will soon publish a list of persons who are no longer eligible to work in the financial sector,...

BoG stays policy rate at 17% third time running …as...

The Monetary Policy Committee (MPC) of the Bank of Ghana yesterday announced that it has concluded its last meeting for the year by voting...

Private sector loans drop by 3.6%

The Bank of Ghana’s Monetary Policy Report for May, 2018, has revealed that credit advanced to the private sector moderated in both nominal and...

Policy rate cut could disturb banks – Economist

Despite inflation falling to single-digit in April, a first in five years, an economist at the University of Ghana, Dr. Laud Mensah, has said...

BOG cuts Policy by 200 basis points, reduced to 18%

Bank of Ghana (BOG) has today announced a reduction in its Monetary Policy Rate (MPR) by 200 basis points from the current 20% to...

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