The Bank of Ghana (BoG) met with the leadership of the Ghana Union of Traders Association (GUTA) on Friday at the Bank Square to address growing concerns from the trading community over rising interest rates and their impact on business operations. The meeting, part of BoG’s broader stakeholder engagement followingContinue Reading
The Institute of Public Policy and Accountability (IPPA) believes the Bank of Ghana rushed in increasing its policy rate by 100 basis points to 28%. According to the policy think tank, though inflation remains high, above 20%, it has declined for two consecutive months, and therefore, the Monetary Policy CommitteeContinue Reading
The Bank of Ghana in its Summary of Economic and Financial Data for March 2025 has reported that the value of mobile money transactions in the country dropped to GHC 316 billion in February 2025, down from GHC 333 billion recorded in January. In contrast, December 2024 saw a higherContinue Reading
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has said that Ghana must work to minimise the risk exposure posed by the decisions of the U.S Government led by President Donald Trump. Answering questions about Ghana’s counter strategy against the effects the actions of the US President, duringContinue Reading
The Ghana Cedi placed 7th as the strongest currency in Africa as of the end of the first quarter of 2025. Its currency per value was estimated at GH¢15.48 to one US dollar. This rating is courtesy of the Forbes currency calculator According to the Bank of Ghana, the CediContinue Reading
Governor of the Bank of Ghana (BoG) Dr Johnson Asiama has announced that the central bank will be represented on the board of the Gold Board. He says that the BoG will definitely be part of the Goldbod initiative introduced by the Mahama administration. Answering questions during the 123rd MonetaryContinue Reading
Governor of the Bank of Ghana, Dr Johnson Asiama has said that a huge number of the Ghanaian-owned banks are struggling and need support to be able to compete with the foreign-owned banks. Dr Asiama says that the central bank is currently focused on how to strengthen these banks toContinue Reading
Prof. Isaac Boadi, Executive Director of the Institute of Economic Research and Public Policy (IERPP) and the Dean, Faculty of Accounting and Finance, has called for an enhanced harmonious relationship between the Bank of Ghana (BoG) and the Ministry of Finance (MoF). His assertion is based on the recent simultaneousContinue Reading
The average lending rate of 28.6% for secured loans by banks in Quarter four (Q4) 2024 was the lowest across all the lending institutions, the Bank of Ghana has revealed. This is compared with 28.8% in Q4 2023. This was followed by the Finance and Leasing companies with an averageContinue Reading
President John Dramani Mahama has nominated Dr. Johnson Asiamah to serve as Governor of the Bank of Ghana pending approval by the Council of State. Dr Asiamah’s nomination follows the receipt and acceptance of a formal request by current Governor, Dr. Ernest Addison, to proceed on leave leading to hisContinue Reading