Banking and Finance
Ghana owed IMF, World Bank, others $7.9bn as of September 2020
Multilateral debt component of the external debt stood at $7.9 billion at the end of September 2020, data from the...
Ghana’s financial markets are showing strong resilience against the economic impacts of COVID 19’s second wave
Even though economic analysts and econometric modeling teams have been busy revising their growth forecasts for the Ghanaian economy downwards,...
New data indicates 4th qtr 2020 economic rebound
…but sustainability is uncertain because of COVID 19 resurgence New data released by the Bank of Ghana suggests that Ghana’s...
UMB to focus on growing SMEs – New MD hints
The newly-appointed Managing Director of UMB Bank, Nana Dwemoh Benneh, is focused on transforming the bank into a tier one...
T-Bills oversubscribed 96%; interest rates fall
Rates of Treasury securities have fallen as government recorded 96% oversubscription of its latest Treasury bills sale, figures from the...
Bank lending rates falling
Even though the Bank of Ghana has announced that it is maintaining its benchmark Monetary Policy Rate at 14.5 percent...
Banking Sector Defies Covid-19
Ghana’s banking sector showed resilience to the first wave of the pandemic supported by strong policy support and regulatory reliefs....
Policy rate maintained at 14.5 percent – BoG
The Monetary Policy Committee (MPC) of the Bank of Ghana has kept the policy rate unchanged at 14.5 percent for...
ABSA Bank Ghana appoints Frances Adu-Mante as Board Chair
The Absa Group has announced the appointment of Frances Adu–Mante as Board Chair of Absa Bank Ghana after securing the...
Akufo-Addo reappoints Dr. Ernest Addison as BoG Governor
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has been given another four-year tenure in office, pending...
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