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
Vice President Dr. Mahamadu Bawumia is making a strong case for an improved savings culture and financial inclusion to help reduce interest rates the country. He said several experiences from other economies have shown a direct relationship between improved savings and reduction in the cost of credit. Speaking at the opening the fifth Economic Outlook … 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
The annual 0.6% charge will take affect from May. Swiss bank UBS will start charging customers who deposit more than a million euros, as negative interest rates hit banks’ profits. The annual 0.6% charge will take affect from May. UBS already imposes charges for large accounts held in Swiss francs by companies and some wealthy … 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
China’s central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U. S. rates overnight. The increase in short-term rates was China’s third in as many months, and came a day after the end … 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
The Bank of Ghana has, today, released its latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (AI) paid on deposits by banks. The data is based on figures available as at 28th February, 2017. The data reveals that the industry average base rate as … 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
The US Federal Reserve this week is poised to raise its benchmark interest rate amid burgeoning job growth and a surge of market optimism since President Donald Trump took office. Central bankers on Friday likely got the final push they needed, if they were in any doubt, after a strong employment showing 235,000 net new … 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
China has cut its growth target this year as the world’s second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a “firewall” against financial risks. China aims to expand its economy by around 6.5 percent, Premier Li Keqiang said in his work report at the opening of the annual … Read more
Federal Reserve Chair Janet Yellen said Friday another interest rate increase could be “appropriate” later this month if US employment and inflation remain in line with expectations. Yellen also defended the Fed’s performance, saying it has not been too slow to raise the benchmark lending rates, given the tepid recovery and sluggish inflation. The US … Read more
A NEW report has raised fears that the United States dollar could be completely wiped out of the Zimbabwean market, with disastrous consequences on the fragile economy. The report, authored by researchers at advisory firm, MMC Capital and dispatched to clients last week, warned of potential deterioration of current foreign payment problems and warned that … Read more