ALL POSTS FILED UNDER: BOG
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 →
Shareholders of Capital Bank will not be compensated – BoG
Add a CommentFollowing the collapse of UT Bank and Capital Bank, the Bank of Ghana has indicated that the shareholders of Capital Bank will not be compensated. The same may apply to UT Bank shareholders, though the central bank is considering compensating shareholders listed … Read more →
UT and Capital Banks are the only 2 insolvent banks in the system – BoG
Add a CommentThe Bank of Ghana has urged depositors, there is no cause for panic following the collapse of two Ghanaian-owned banks. “I can emphatically tell you that these are the only two insolvent banks in the system”, the Governor of the … Read more →
BoG announces planned capital increase for banks
Add a CommentThe Governor of Bank of Ghana, Dr. Ernest Addison, has disclosed that the planned increase in capital requirement for banks would be announced in the first week of September. The Governor of the Bank of Ghana disclosed this at the … Read more →
BoG to continue policy rate cut – Fitch report
Add a CommentTHE Bank of Ghana (BoG) will continue its easing cycle, Ratings Agency, Fitch has stated in a report, adding the regulator will review downwards its policy rate forecast for the end of 2017. “The latest cut came on the back … Read more →
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