Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, concluded her visit to Ghana on Monday, 18th March, 2024, following two days of productive engagements. Dr. Ernest Addison, Governor of the Bank of Ghana, bid farewell to the IMF MD, alongside the First and Second Deputy Governors of the bank and the IMF […] The post IMF MD departs
The Governor of the Bank of Ghana, Dr. Ernest Addison, has underscored the need for banks to remain committed to their critical role of bridging trade financing in both the primary and secondary markets. According to the governor, this will help strengthen the country’s financial systems. Speaking at the Ghana International Bank cocktail event to […] The post BoG
Headline inflation is expected to ease between13% to 17% by the end of 2024, according to the Bank of Ghana (BoG). The Central Bank says the expectation was as a result of inflation declining sharply by more than 30% in the course of 2023. It is also expected to trend back gradually to within the […] The post 2024 expected to end with at least 13% inflation -BoG appeared first on The
Bank of Ghana Governor Dr. Ernest Addison has said there is no better time than now for Africa to revisit the issue of scaling-up interoperability, in a bid to deepen financial inclusion and intra-Africa trade. He said the high prevalence of mobile devices, mobile money penetration and increased Internet connectivity offer an opportune window to […] The post
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking at a press briefing […] The post Policy rate cut to 29% on back of retreating
Dr. Ernest Addison, BOG Governor The Human Right Division, Accra High Court, has dismissed an application filed by Dr. Papa Kwesi Nduom, GN Saving and Loans Company and others for Read More... The post ‘Central Bank Revoked GN Bank Licence Legally’ appeared
James Maddison is back in training with Tottenham after two-and-a-half months out injured. The midfielder picked up an ankle issue during Spurs’ 4-1 loss to Chelsea on November 6, and was substituted at half time with manager Ange Postecoglou revealing the news after the match. There were concerns Maddison was facing a lengthy injury lay-off, but he seems set to return to action around three […] The post Maddison
Ghanaian footballer Thomas Partey is a father! The Arsenal midfielder and his girlfriend Janine Mackson welcomed their new bundle of joy, a baby girl. Earlier in September 2023, Janine announced her pregnancy with a photo of her baby bump. On Tuesday, January 23, she announced the baby’s birth on her Instagram page, sharing a picture of her […] The post Thomas Partey, girlfriend welcome baby
The Bank of Ghana (BoG) is prepared to continue the necessary structural reforms to revive the country’s shaky economy. It emphasizes the importance of vigilance and commitment in realigning the country’s economic situation. Following the approval of the second $600 million tranche from the International Monetary Fund (IMF), Dr. Ernest Addison, Governor of the Bank […] The post We’ll
In an unexpected turn of events, the late Manasseh Addison Sackey, a 34-year-old headteacher and incumbent assemblyman, has emerged victorious in the Teberebie electoral area election in Tarkwa, Western Region. Despite the tragic incident of his drowning in a river connecting Aklika on Monday, December 4, Teacher Obour, as he was fondly known, has been […] The post Deceased
Dr. Ernest Addison The Governor of the Bank of Ghana, Dr. Ernest Addison, has stated that the Central Bank’s monetary policies with support from the Ministry of Finance have Read More... The post Economy Responding To BoG Policies – Addison appeared first
The inflation rate declined to 26.4% in November, a 19-month low, the Ghana Statistical Service has published.The Consumer Price Index (CPI) for November 2023 was 198.2 – relative to 156.8 for November 2022. The Ghana Statistical Service says food inflation was the major contributor to the decline in the rate of inflation. In November, food […] The post Inflation declines from 35% to 26% appeared first
Cassiel Ato Forson The Minority Caucus in Parliament has officially requested the presence of Dr. Ernest Addison, Governor of the Bank of Ghana (BoG), to receive their petition calling Read More... The post Minority Chases BoG Governor’s Removal appeared first on
The late Manasseh Addison Sackey Manasseh Addison Sackey, the Assembly Member for Tebrebe Electoral Area in the Tarkwa Nsuaem Municipality of the Western Region, has drowned while on a Read More... The post Assemblyman Drowns En Route To Campaign appeared first on
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