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 a heated national debate. Is the Central Bank ensuring stability—or quietly manipulating the market for short-term gains? Massive Gold-Backed Injection Earlier this month, the BankContinue Reading
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 to ease. Bank of Ghana Governor Johnson Asiama said the decision taken at the 126th regular meeting of the Monetary Policy Committee (MPC) ofContinue Reading
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 month over breaches of regulatory guidelines, according to a statement sighted by Ghana Eye Report late Thursday. The statement issued by the BoG’s Communications Department,Continue Reading
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 at a meeting Wednesday with chief executives of commercial banks in Accra, the Ghanaian capital, Asiama said the recent decision to lower the benchmark policyContinue Reading
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 The decision implies that the rate that commercial banks use as reference for lending has been slashed from 28 to 25 percent, a move manyContinue Reading
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 the Ministry of Finance. Asiama said during a business breakfast meeting that the local cedi currency had appreciated by more than 42 percent betweenContinue Reading
The Bank of Ghana (BoG) on Thursday reversed its earlier decision to terminate the appointments of nearly 100 personnel recruited in December 2024, following Minority intervention and internal discussions. The termination of the appoints, which had initially been justified by the BoG as a routine post-probation review, is now shrouded inContinue Reading
