The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will be holding the 117th press conference today Monday, March 25. The MPC is expected to announce major policy decisions including whether or not the policy should reduce. The MPC is also expected to talk about the performance of the Cedi against the dollar […] The post Bank of Ghana to announce key decisions
Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
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
There is disquiet among both career staffers and political office holders of the Ogun State House of Assembly over the appointment of a new Clerk. The crisis became noticeable after the House Clerk, Adedeji Adeyemo, retired from active service in early March and the assembly refused to announce a name to occupy the office since […] The post Crisis brews in Ogun Assembly over appointment
African leaders have made a decision that will create a robust future market for medical products for African manufacturers. Spearheaded by the Africa Centres for Disease Control and Prevention, a pooled procurement mechanism was agreed upon and signed off late last night at the African Union (AU) Summit in Addis Ababa. This decision is significant because […] The post Africa CDC spearheads
The Group Managing Director (GMD) of UBA Group, Mr. Oliver Alawuba, recently paid a working visit to the Governor of the Bank of Ghana, Mr. Ernest Addison, in a meeting that underscored UBA’s commitment to regulatory compliance and strategic expansion in Ghana and beyond. Mr. Alawuba assured Governor Addison that UBA would continue to adhere […] The post Governor
The Minority Caucus in Parliament has warned that it will not tolerate any further attempts to delay the approval of the bill on the promotion of proper human sexual rights and Ghanaian family values, commonly known as the anti-gay bill. Last week, ahead of the third reading and potential passage of the bill, Deputy Majority […] The post We won’t tolerate
The All Progressives Congress, APC, in Rivers State has cautioned Governor Sim Fubara against running the state without a duly approved budget by the state House of Assembly. The Chairman of the Caretaker Committee of the party in the state, Tony Okocha, spoke in Port Harcourt while visiting the Speaker of the State Assembly in […] The post Stop running Rivers State without
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
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
The Delta State chapter of the All Progressives Congress, APC, has accepted the judgement of the Supreme Court, which upheld the return of Francis Sheriff Oborevwori by the Independent National Electoral Commission (INEC) as the governor of Delta State in the March 18, 2023 governorship election. This was contained in a statement signed by the […] The post Delta APC accepts Supreme
The Minority Chief Whip and Member of Parliament for Adaklu, Governs Kwame Agbodza, has justified his warning to people contemplating rigging the December elections in the Volta Region. He advised individuals nursing plans to rig the 2024 polls in the Volta Region to write their will before attempting to execute such a sinister move. Agbodza, […] The post Write
Two Russian missiles have struck a hotel in Ukraine’s second-largest city, Kharkiv, injuring 11 people, the Kharkiv governor says. Photos from Ukraine’s State Emergency Service showed the hotel heavily damaged and firefighters at the scene. Governor Oleh Synehubov said the injured included Turkish journalists. Two S-300 missiles struck at about 22:30 (20:30 GMT), he said. […] The post Russian
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