Banking and Finance
Interest rates hit 34%; government T-bills undersubscribed by 34%
Interest rates on government securities shot up to 34% last Friday, October 28, 2022, but government failed to achieve its...
BoG hikes policy rate to 24.5%; loans to become more expensive
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the Policy Rate by 250 basis point...
Government to face difficult refinancing options in repaying maturing T-Bills – Report
The government may face complicated refinancing options in repaying Treasury bills that will mature on October 2022 According to the...
BoG to Sell $420m to BDC’s in last Quarter of 2022
A total of $420 million is expected to be sold to Bulk Oil Distribution Companies (BDCs) in the final quarter...
$750m Afrexim Bank loan finally hits BoG’s account
The $750 million African Export-Import Bank (Afreximbank) Loan has finally hit the Bank of Ghana’s (BoG) Account. Documents sighted by...
Increasing policy rate to 22% good but cap government borrowing – Finance lecturer to BoG
A Finance Lecturer and Associate Professor with Andrews University in Michigan, USA, Dr Williams Peprah, has welcomed the decision by...
BoG to hold emergency MPC meeting on Wednesday
The Bank of Ghana (BoG) will hold an emergency Monetary Policy Committee (MPC) meeting on Wednesday, 17 August 2022, over...
Credit to private sector recovers to pre-pandemic levels; total advances hit ¢24.6bn
Credit to the private sector is recovering to the pre-pandemic levels, reflecting commercial banks’ portfolio rebalancing. According to the Monetary...
Cost of borrowing to surge as IEA proposes Policy Rate of 20% or 20.5%
Cost of borrowing is expected to go up further, as the Institute of Economic Affairs (IEA) is urging the Bank...
EOCO cautions public against falling prey to fraudulent banking transactions
The Economic and Organized Crime Office (EOCO) is warning the public about fraudulent banking transactions. EOCO in a statement signed by Head...
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