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Bank of Ghana raises policy rate to 29.5%

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The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has raised the policy rate by 150 basis points to 29.5%. The policy rate...

Ghana’s public debt stock still at ¢575.7bn – BoG data

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Recent figures released by Ghana's Central Bank indicate that the country's public debt stock remains constant at ¢575.7 billion at the end of November...

IMF announces resident adviser to Bank of Ghana

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The International Monetary Fund (IMF) has appointed Leonard Chumo as a financial adviser to the Bank of Ghana upon request. Funded by Switzerland’s State Secretariat...

IMF presses Ghana to stop borrowing from its Central Bank –...

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The International Monetary Fund is pushing Ghana’s cash-strapped government to stop borrowing from its central bank, according to people familiar with the matter. The IMF...

Ignore speculations about dollar account withdrawals – Bank of Ghana

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The Bank of Ghana (BoG) has urged the general public to disregard reports suggesting that it is set to slap restrictions on holders of...

Loans to become more expensive as BoG hikes policy rate to...

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The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the Policy Rate by 250 basis points to 24.5%. This is the...

Bank of Ghana raises policy rate to 22% amidst soaring inflation

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The Bank of Ghana (BoG) has raised the policy rate by 300 basis points (bp) to 22 per cent in a historic move meant...

Ghana development bank to support small businesses with US$600 million

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The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Tuesday, 14th June 2022, launched formally the Development Bank Ghana, which will help spearhead...

Ghana’s central bank cautions against foreign currency transactions

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Ghana's central bank has cautioned against the use of foreign currencies to transact business within the country, as well as engaging in foreign exchange...

Bank of Ghana raises policy rate to 17%

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The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) on Monday (21 March 2022) raised the policy rate by 250 basis points...
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