Some banks have given indication of cutting their interest rates to reflect the reduction in the policy rate by the Bank of Ghana. They explain that the move forms part of plans to reduce the plight of businesses and eventually correct the bad loans in their books. The Bank of Ghana (BoG), in its 75th … Read more
Some banks have given indication of cutting their interest rates to reflect the reduction in the policy rate by the Bank of Ghana. They explain that the move forms part of plans to reduce the plight of businesses and eventually correct the bad loans in their books. The Bank of Ghana (BoG), in its 75th … Read more
The Chief Executive Officer of the Private Enterprise Federation (PEF), Nana Osei Bonsu, has indicated that the recent policy rate cut may not necessarily translate into a reduction in interest rates by commercial banks. Nana Osei Bonsu applauded the Bank of Ghana (BoG) for the cut, but explained that commercial banks use a formula, considering … Read more
Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has significantly reduced its key lending to commercial banks, the biggest cut in rate in almost 10 years. This represents a 200 basis point reduction from the previous figure—25.5 per cent. Governor of the central bank, Dr. Abdul Nashiru Issahaku, disclosed this at a press briefing in Accra yesterday … Read more
Mr. Jerry Afolabi, an economist, has said the reduction in the policy rate announced by the Central Bank was laudable and will relieve business owners. The Monetary Policy Committee of the Bank of Ghana yesterday [Monday, 27/3/2017] reduced the policy rate by 200 basis points to 23.5 percent from 25.5 percent. Speaking to Kwame Tutu … Read more
The Bank of Ghana has fixed the country’s monetary policy rate at 23.5 per cent, indicating a 200 basis point reduction from the previous rate of 25.5 per cent. The new figure was announced Monday by the governor of the Bank, Dr. Abdul Nashiru Issahaku, at the second Monetary Policy Committee meeting for2017. Dr Issahaku … Read more
The Monetary Policy Committee of the Bank of Ghana has reduced the policy rate to 23.5 percent. This represents a 200 basis point reduction from the previous figure; 25.5 percent. Governor of the Central bank, Dr. Abdul Nashiru Issahaku disclosed this at the press briefing to conclude the second MPC meeting for 2017. Dr Issahaku … Read more
The Monetary Policy Committee (MPC) of the Bank of Ghana has reduced the Monetary Policy Rate by 200 basis points to 23.5 percent. At the 75th regular MPC meeting, Governor of the central Bank Dr. Abdul-Nashiru Issahaku said headline inflation also declined for the fifth consecutive month in February 2017. Inflation fell from 17.2 percent … Read more
The Monetary Policy Committee of the Bank of Ghana has reduced the policy rate to 23.5 percent. This represents a 200 basis point reduction from the previous figure; 25.5 percent. Governor of the Central bank, Dr. Abdul Nashiru Issahaku disclosed this at the press briefing to conclude the second MPC meeting for 2017. Dr Issahaku … Read more
Governor of the Bank of Ghana (BoG), Dr. Abdul Nashiru Issahaku, has called on central banks in the West African sub-region to strengthen the security features of their currencies in line with changing technology. “New designs must win public acceptance, incorporate requisite security features and meet durability and machine processing standards. Fitness standards for currency … Read more
Central bankers in West Africa have expressed their commitment to collaborate to fight currency counterfeiting within the sub-region. The growing menace affects almost all countries within the West Africa sub-region, with the scammers ready to pounce on any new currencies issued to flood the system with the fake versions at the expense of domestic economies. … Read more
Currency analysts have stated that the Bank of Ghana’s auction of 120 million dollars in the first quarter of this year, to contain the cedi’s depreciation has begun yielding the intended results. According to them, the move would have been more effective if the Bank of Ghana increased its supply of dollars in the first … Read more
Central banks across the West African sub-region have met to build capacity in fighting fake currency circulation. The circulation of counterfeit notes has been a major challenge for West African countries as fake notes are transited every year, running into millions of dollars. Speaking to Citi Business News at workshop organized in Accra on Banknote … Read more
Central banks across the West African sub-region have met to build capacity in fighting fake currency circulation. The circulation of counterfeit notes has been a major challenge for West African countries as fake notes are transited every year, running into millions of dollars. Speaking to Citi Business News at workshop organized in Accra on Banknote … Read more
The new GH¢5 note which was outdoored by the Bank of Ghana last Friday as a commemorative note of its anniversary will be in circulation today [Tuesday, March 7, 2017]. One distinctive feature of the new note is that it has an engraved portrait of Dr James Kwegyir Aggrey, a missionary and a teacher who … Read more
The new 5 cedi note which was outdoored by the Bank of Ghana on Friday (March 3, 2017) will be circulated from today (Tuesday). The note which was released to mark the bank’s 60 anniversary has already been distributed across the country. The new 5 cedi note comes with a new pulsating shine when tilted. A … Read more
The new GH¢5 note which was outdoored by the Bank of Ghana last Friday as a commemorative note of its anniversary will be in circulation today [Tuesday, March 7, 2017]. One distinctive feature of the new note is that it has an engraved portrait of Dr James Kwegyir Aggrey, a missionary and a teacher who … Read more
The Bank of Ghana (BoG) has unveiled a commemorative GHc 5 bank note to celebrate the financial sector regulator’s 60th anniversary, an anniversary which coincides with Ghana’s 60 years of independence. The note, which which becomes a legal tender tommorrow 4th March, 2107, comes with a new exciting shine when tilted. According to officials of … Read more
The Bank of Ghana (BoG) has outdoored a commemorative GHc 5 bank note to celebrate its 60th anniversary, which coincides with Ghana’s 60th anniversary. The note, which comes with a new pulsating shine when tilted, has already been distributed across the country and will be circulated by next week Tuesday, March 7, 2017. Speaking during … Read more
On Tuesday, March 7, 2017 the new GHC5 denomination set to be issued by Bank of Ghana (BoG) would be in circulation. The note is being introduced as part of the Bank of Ghana’s 60th anniversary which will fall on March 4. The commemorative note would have fresh security features and a new portrait at the front … Read more