The Bank of Ghana (BoG) has retained its policy rate at 25.5%. This is due to the fact that the Central Bank views the “risks to inflation and growth as balanced” its governor, Dr. Abdul-Nashiru Issahaku said Monday at a press briefing. He said inflation continues to ease, closing the year at 15.4% from 15.8% in … Read more
The Monetary Policy Committee of the Bank of Ghana (BoG) has maintained the policy rate for the first time this year at 25.5 percent. The policy rate, which is the rate at which the central bank lends money to commercial banks was last reduced in November 2016 from 26 percent by 50 basis point to … Read more
Senior Minister Nominee, Yaw Osafo-Maafo has disclosed that the lack of accurate data on Ghana’s debt has made it difficult for the NPP government to make projections on the fiscal gap to influence planning. According to him, the inconsistency of data from the Ministry of Finance and the Bank of Ghana on the debt owed … Read more
Senior Minister Nominee, Yaw Osafo-Maafo has disclosed that the lack of accurate data on Ghana’s debt has made it difficult for the NPP government to make projections on the fiscal gap to influence planning. According to him, the inconsistency of data from the Ministry of Finance and the Bank of Ghana on the debt owed … Read more
The Monetary Policy Committee (MPC) of the central bank is set to review the Monetary Policy Rate (MPR) on Friday January 20, 2017, with the prime objective of ensuring price stability and low inflation to curtail the depreciation of the cedi and support output and employment growth. The MPR was pegged at 26 per cent … Read more
Economists have ruled out any significant impact of the change in government on the operations of the Monetary Policy Committee of the Bank of Ghana. It follows the commencement of the MPC’s first regular meeting for 2017 on Monday January 16, 2017. Per the regulations governing the Central Bank, the Governor of the central bank … Read more
By Jelili Jerry Afolabi A change of government in any country comes with high expectations from the citizenry, the public and private sectors, and the international community. For the business world and economy watchers like me, the expectations are mainly the policy interventions that will translate the political capital into concrete policy programs that will … Read more
Government has missed its inflation target of 13.5% as Inflation for December dropped to 15.4% from 15.5% in November 2016. The prices of goods and services was fairly stable as inflation for the month went down marginally. This is the lowest since June 2014. The monthly change rate was 0.9% compared to the 0.8% recorded … Read more
INTRODUCTION A change of government in any country comes with high expectations from the citizenry, the public and private sectors, and the international community. For the business world and economy watchers like me, the expectations are mainly the policy interventions that will translate the political capital into concrete policy programs that will set the economy … Read more
Ghana’s Gross Domestic Product (GDP) provisional growth in the third quarter of 2016 rose by 4 percent year-on-year. The GDP which includes oil for the 3rd quarter of 2016, grew by 4 percent compared to 3.5 percent in the same period of 2015 The 3.6 percent recorded a year ago was due to increased oil … Read more
The Governor of the Bank of Ghana(BoG) Dr. Abdul-Nashiru Issahaku has said although the country is yet to achieve its targeted inflation for the year, the central bank has been able to anchor the inflation expectation of investors. At the beginning of the year, government set an inflation target of 8 percent, plus or minus … Read more
The Governor of the Bank of Ghana(BoG) Dr. Abdul-Nashiru Issahaku has stated that even though the country is yet to achieve its targeted inflation for the year, the central bank has been able to anchor the inflation expectation of investors. At the beginning of the year, government set an inflation target of 8 percent, plus … Read more
The Governor of the Bank of Ghana(BoG) Dr. Abdul-Nashiru Issahaku has stated that even though the country is yet to achieve its targeted inflation for the year, the central bank has been able to anchor the inflation expectation of investors. At the beginning of the year, government set an inflation target of 8 percent, plus … Read more
Ghana’s provisional GDP (including oil) for the 3rd quarter of 2016, grew by 4 percent compared to 3.5 percent in the same period of 2015. The services sector recorded the highest growth of 4.7 percent, followed by industry and agric with 3.9 and 2.3 percent respectively. However, the non-oil provisional GDP for the third quarter … Read more
Ghana’s provisional GDP (including oil) for the 3rd quarter of 2016, grew by 4 percent compared to 3.5 percent in the same period of 2015. The services sector recorded the highest growth of 4.7 percent, followed by industry and agric with 3.9 and 2.3 percent respectively. However, the non-oil provisional GDP for the third quarter … Read more
The President Elect Nana Addo Dankwa Akufo-Addo has promised members of the Private Enterprise Federation(PEF) that his administration will not compete with the private sector for funds. According to him, constant competition from government in the market is the cause of high interest rates, increasing the cost of capital in the country. Speaking to members … Read more
The President Elect Nana Addo Dankwa Akufo-Addo has promised members of the Private Enterprise Federation(PEF) that his administration will not compete with the private sector for funds. According to him, constant competition from government in the market is the cause of high interest rates, increasing the cost of capital in the country. Speaking to members … Read more
The Bank of Ghana (BoG) has doubled up on its open market operations (OMO) over the last 10 months, in an attempt to mop up extra liquidity and drive down inflationary pressures. From GH¢4.8 billion in October, last year, bills and notes issued by the central bank for treasury operation purposes rose to GH¢93.3 billion … Read more
For some, the state of the economy matters most when it comes to presidential elections, perhaps more important than tribe and ethnicity. Electoral wins could be down to luck. Research has found that the economy matters less when the race for the presidency is wide open as seen in the just ended presidential elections in … Read more
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has reduced the policy rate by 50 basis point to 25.5 percent after holding it at 26 percent for months. The policy rate, which is the rate at which the central bank lends money to commercial banks, before its reduction, had remained at 26 … Read more