Despite high expectation on the part of the private sector for the Bank of Ghana(BoG) to reduce the policy rate due to government’s policy direction, some financial observers maintain that government’s policy may not influence the outcome. The Association Ghana Industries(AGI) for example has expressed hope in a reduction of the policy rate to correspond … Read more
Despite high expectation on the part of the private sector for the Bank of Ghana(BoG) to reduce the policy rate due to government’s policy direction, some financial observers maintain that government’s policy may not influence the outcome. The Association Ghana Industries(AGI) for example has expressed hope in a reduction of the policy rate to correspond … Read more
The U. S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank’s target. The decision to lift the target overnight interest rate by 25 basis points to a range of … Read more
Cedi has finally recorded sustained appreciation against major international currencies including the U. S dollar, which is currently trading at around GH4.36 on the interbank market. This is the first time the local currency has sustained its appreciation against the U.S. dollar especially, since the first week of January. Analysts are attributing the cedi’s performance … Read more
The Monetary Policy Committee (MPC) of the central bank is set to announce a new Monetary Policy Rate (MPR), on Monday March 27, 2017, with the prime objective of ensuring price stability and low inflation to ensure stable currency and support output and employment growth. Groupe Nduom (GN) Research expect the Bank of Ghana to … Read more
The Monetary Policy Committee (MPC) of the central bank is set to announce a new Monetary Policy Rate (MPR), on Monday March 27, 2017, with the prime objective of ensuring price stability and low inflation to ensure stable currency and support output and employment growth. Groupe Nduom (GN) Research expect the Bank of Ghana to … Read more
The Monetary Policy Committee (MPC) of the central bank is set to announce a new Monetary Policy Rate (MPR), on Monday March 27, 2017, with the prime objective of ensuring price stability and low inflation to ensure stable currency and support output and employment growth. Groupe Nduom (GN) Research expects the Bank of Ghana to … Read more
The Monetary Policy Committee (MPC) of the central bank is set to announce a new Monetary Policy Rate (MPR), on Monday March 27, 2017, with the prime objective of ensuring price stability and low inflation to ensure stable currency and support output and employment growth. Groupe Nduom (GN) Research expect the Bank of Ghana to … Read more
The Monetary Policy Committee (MPC) of the bank of Ghana is expected o announce a new policy rate on Friday, and already, there is high expectation. The meeting which will be the 75th is expected to review developments in the economy, and make recommendations for the way forward. Subsequently, a decision on the policy rate … Read more
Economists are highly expectant of a reduction in the policy rate by the Monetary Policy Committee (MPC) of the Bank of Ghana as the Committee prepares to announce its new rate next Monday. They cite the declining inflation, relative stability of the cedi and government’s pro business agenda as the basis for their claims. “Obviously … Read more
Chief Director at the Ministry of Finance, Patrick Nomo, has indicated that government will source funds from the domestic market, but it will be done in a strategic manner that will not crowd out the private sector. “Government’s decision to borrow from the domestic market has been influenced by a cautious strategy that will ensure … Read more
The US Federal Reserve began a two-day meeting on Tuesday, having signalled it is likely to raise the benchmark interest rate as the world’s largest economy gains steam. Any increase in the key federal funds rate would come a bit earlier than had been expected at the start of the year, with central bankers prodded … Read more
U. S. household wealth has hit record levels. U.S. stock prices recently hit all-time highs. Inflation is nearing the Federal Reserve’s 2.0 percent goal, and the world economy including the once-sick eurozone has skirted the risk of a deep new downturn. When Fed Chair Janet Yellen holds her first press conference of 2017 on Wednesday … Read more
Despite government’s intention to pursue a pro business economic agenda in its fiscal policies, some financial observers are skeptical the managers of the monetary policy will respond by reducing the Policy Rate in its next meeting. Earlier views gathered by Citi Business News from players in the financial sector pointed out that the central bank … Read more
Despite government’s intention to pursue a pro business economic agenda in its fiscal policies, some financial observers are skeptical the managers of the monetary policy will respond by reducing the Policy Rate in its next meeting. Earlier views gathered by Citi Business News from players in the financial sector pointed out that the central bank … Read more
Traders see it as almost “inevitable” the US Federal Reserve will raise its benchmark interest rate on Wednesday after strong jobs growth. Markets which track investors’ expectations for the key rate give a near 100% likelihood of a rise. It would be only the third time in a decade that the US central bank has … Read more
The Managing Director of FirstBanC financial services, Mr. Amenyo Setordzie has observed that although the wide-ranging tax cuts could place the government’s fiscal position under pressure, the 2017 budget is achievable. Analyzing the 2017 budget presented by the Finance Minister last week, Mr. Setordzie described government’s finance policy as ambitious. He however cautioned, “Key risks … Read more
Ghana has for the first time since 2011 recorded a balance of payment (BoP) surplus of $247 million, compared to a deficit of $129 million in 2015, the Minister of Finance, Mr Ken Ofori-Atta has said. That, he said, was attributed to the narrowing of the current account deficit which was largely driven by the … Read more
The government of Ghana has announced that teachers who are posted to schools in rural areas will be provided with incentives to motivate them to put in quality work. This was revealed by Information Minister Mustapha Hamid who added that government was prioritising the welfare of teachers in order not to compromise the quality of … Read more
The US trade gap shot up at the start of the year to hit its highest monthly level in almost five years, the Commerce Department reported Tuesday. The data showed trade was robust, with exports and imports of goods and services hitting their highest levels for a single month since December 2014. The trade deficit … Read more