Hopes that the central bank could cut its long held policy rate as its Monetary Policy Committee (MPC) meets, have been blunted by a marginal rise in inflation for the past month, fueled by fears among traders that the cedi could take a hit in the run up to the December polls. Inflation for August … Read more
With barely three months to general elections in Ghana, banks are cautious about extending credit to businesses and individuals, some industry experts have told Business Finder. The uncertainty regarding this year’s general elections and the high non-performing loans are the major reasons that continue to compel the banks to adopt a wait-and-see attitude when lending. … Read more
Barely three months to the crucial December polls, inflation, which has been largely erratic this year, has begun a gradual ascent, with the Ghana Statistical Service suspecting that traders are hiking prices because they fear the local currency would struggle against the US dollar ahead of the polls. The Ghana Statistical Service yesterday announced that … Read more
Economist, and member of the Finance Committee in Parliament, Dr. Anthony Akoto Osei has defended the legislature’s decision to cap the Bank of Ghana (BoG) financing of government budget at 5 percent. His defense follows a press statement issued by the IMF over the weekend expressing dissatisfaction at some legislations passed by the House recently. … Read more
Mahamudu Bawumia (born October 7, 1963) is an economist and banker. He was a Deputy Governor of the Bank of Ghana until his nomination as Vice Presidential candidate for the New Patriotic Party (NPP) Presidential candidate Nana Akufo-Addo in 2008. He also run as the vice-presidential candidate of the New Patriotic Party in Ghana’s 2012 … Read more