Tag: BoG
Business
Ghana posts 2.4% fiscal deficit in first 7 months of 2024 – BoG
Provisional data on budget execution from January to July 2024 indicates that Ghana recorded an overall fiscal deficit of 2.4 percent of GDP, surpassing...
Business
BoG receives share acquisition list from Société Générale
Société Générale has officially provided the Bank of Ghana (BoG) with the full list of individuals and entities interested in acquiring shares in the...
Business
This is how much you need to be able to invest in Ghana’s Gold Coin – BoG reveals
Financial Markets Advisor to the Governor of the Bank of Ghana, Dr. Stephen Opata, has advised potential investors in Ghana’s Gold Coins to prepare...
Business
Drop in inflation rates has improved business, consumer confidence – BoG
The economy is beginning to recover, with both consumer and business confidence increasing, according to recent surveys by the Bank of Ghana (BoG).The August...
Business
Interest rates drop as BoG lowers Monetary Policy Rate to 27%
The Bank of Ghana (BoG) has reduced its Monetary Policy Rate by 200 basis points, lowering it to 27%.This is the second cut since...
Business
Ghana Gold Coin to mop up extra liquidity from the banking sector – BoG
The Bank of Ghana (BoG) has introduced the Ghana Gold Coin as part of a strategic initiative aimed at absorbing excess liquidity from the...
News
Gold coin introduction, not a solution to cedi depreciation – Prof Bokpin to BoG
Economist Professor Godfred Bokpin has expressed scepticism about the Ghana Gold Coin as a remedy for the cedi's depreciation.On Friday, the Bank of Ghana...
Business
Policy rate reduced from 29% to 27% – BoG
The Bank of Ghana has lowered the monetary policy rate by 200 basis points, reducing it from 29 percent to 27 percent.Dr. Ernest Addison,...
Business
Cedi depreciates by 24.3% against dollar in nine months – BoG
The Ghana cedi has depreciated by 24.3% against the US dollar on the interbank forex market as of September 2024, according to the Bank...
Business
8 additional data providers, users of credit reporting system gain approval from BoG
In 2023, the Bank of Ghana reported receiving 13 applications from non-banking companies seeking recognition as data providers and authorized users of the Credit...