The Bank of Ghana (BoG) on Wednesday announced a further 350-basis-point cut in the benchmark lending rate to 18 percent, down from 21.5 percent, citing […]
Tag: Bank of Ghana (BoG)
Is the Bank of Ghana’s forex intervention for cedi stability or market manipulation?
Kwabena Adu Koranteng Interrogates As the cedi gains ground against the U.S. dollar, the Bank of Ghana’s aggressive intervention in the forex market has sparked […]
BoG cuts benchmark lending rate to 21.5 pct
Ghana’s monetary authorities on Wednesday announced a further 350-basis-point cut in the benchmark lending rate to 21.5 percent, down from 25 percent, as inflation continues […]
BoG suspends five remittance firms over regulatory breaches
By Francis Kobena Tandoh The Bank of Ghana (BoG) has announced the suspension of remittance partnerships of five international money transfer operators (MTOs) for a […]
Ghana’s central bank governor urges broadening credit for private sector
Bank of Ghana Governor Johnson Asiama has urged the banking sector to broaden access to credit to support private sector-led growth in the economy. Speaking […]
BoG cuts down policy rate by 300 basis points to 25%
The Bank of Ghana (BoG) announced on Wednesday a cut its benchmark policy rate by 300 basis points, following a Monetary Policy Council (MPC) meeting […]
Ghana sees economic recovery backed by policy coordination: central bank
Bank of Ghana Governor Johnson Asiama said Tuesday that the country’s economy has been recovering, thanks to synchronized policy implementation between the central bank and […]