ALL POSTS FILED UNDER: BOG
Mobile Banking transactions jump by 320.1% in 2017 – BoG
Add a CommentThe value of Internet Banking transactions showed an increase of 43.66 per cent to GH?9.74 billion in 2017 compared with the 2016 position of GH?6.78 billion. Of this amount, the value of Mobile Banking transactions was GH?1.50 billion in 2017. … Read more →
BoG pegs reference rate at 16.82%
Add a CommentThe Central Bank has pegged the Ghana Reference Rate for April 2018 at 16.82 percent. This was after the Bank of Ghana (BoG), in consultation with the Ghana Association of Bankers, reconstituted a working group to review the existing base … Read more →
BoG cuts policy rate by 200 basis points
Add a CommentThe Bank of Ghana (BoG) has reduced the benchmark interest rate by 200 basis points to 18 per cent, the biggest drop since November 2014. The bank cited decline in prices, good growth prospects and a downward migration of money … Read more →
BoG: uniBank is insolvent despite GH¢2.2 billion liquidity support
Add a Comment-Despite GH¢2.2 billion liquidity support from BoG in past 2 years The Bank of Ghana (BoG) has declared indigenous bank uniBank Ghana Limited as insolvent, and has announced the appointment of international accounting firm KPMG as the official administrator for … Read more →
BOG maintains monetary policy rate at 20%
Add a CommentThe Monetary Policy Committee of the Bank of Ghana on Monday announced its decision to maintain the monetary policy rate at 20%. This decision is geared towards ensuring Ghana achieves its medium term inflation target of 8.2% and maintain the … Read more →
Economists laud BoG over 550 basis points cut in policy rate
Add a Comment• Task commercial banks to reduce lending rates significantly Some economists in Ghana have praised the Central Bank’s sound management of the monetary policy side of the economy in 2017. While describing the Bank’s efforts as highly commendable, they advised that … Read more →
GH¢16.3bn added to public debt in 9 months – BoG
Add a CommentSUMMARY of economic and financial data by the Bank of Ghana has put Ghana’s total debt stock as at the end September this year at GH¢138.9 billion. This represents 68.6% of Gross Domestic Products (GDP). Domestic debts accounted for GH¢63.3 … Read more →
BoG to raise GH¢858m tomorrow
Add a CommentThe Bank of Ghana (BoG) is expected to auction GH¢858 million in treasury securities comprising of GH¢658 million short-term treasury securities (91-day, 182-day) and GHc200 million 2-Year Note to investors tomorrow September 8, 2017. The short term securities are however … Read more →
Govt, BoG under pressure to stem rising NPLs
Add a CommentChallenges militating against Ghana’s banking system continue to draw concerns from both domestic and international financial institutions and experts. The latest is from Bretton Woods Institution, the International Monetary Fund (IMF). The Executive Board of the Fund has asked … Read more →
Non-performing loans hit GHc8b – BoG
Add a CommentNon-Performing Loans (NPLs) (loans on which the borrowers are not making interest payments or repaying any principal) of commercial banks in Ghana as of June 2017 hit GHS7.96 billion, the Bank of Ghana has announced in its latest banking stability … Read more →
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