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
Kwahu Praso Rural Bank Limited has been ranked the Best Rural Bank and placed 40th at the 20th Ghana Club 100 Awards for the year, 2023. The award was received on behalf of the bank by the Human Resource Manager, Mr. Bright Mensah Amankwah, who later on presented it to the CEO of the bank, […] The post Kwahu Praso Rural Bank ranked best appeared first on
Two of four suspects charged with carrying out the deadly concert hall attack in Moscow on March 22nd admitted guilt in a Russian court. On Sunday (Mar. 24), Moscow’s Basmanny District Court formally charged a 32-year-old with committing a group terrorist attack resulting in the death of others. The offence carries a maximum sentence of […] The post Suspects in Moscow attack appear
Dr Ernest Addison, BoG Governor Ghana earned $2.8 billion from its major exports in the first two months of this year. A recent assessment of the country’s external sector Read More... The post Exports Rake In $2.8bn appeared first on DailyGuide
Banks’ performance has rebounded after the Domestic Debt Exchange Programme (DDEP), Governor of the Bank of Ghana, (BoG), Dr Ernest Addison has said. He indicated that the banks that were severely hit by the DDEP are relying on the Bank of Ghana-approved capital restoration policy. Dr Addison said these at the 117th Monetary Policy Committee […] The post Banks’ performances
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 UN Security Council for the first time has passed a resolution demanding an immediate ceasefire in Gaza. Fourteen countries voted in favour of the resolution; the US, Israel’s main ally, abstained. Israeli air strikes kill at least 22 Palestinians in central Gaza’s Deir al Balah region and 30 in Rafah in the south. Palestinians […] The post Israel’s
Abubakar Kamoko, the son of retired Ghanaian boxer Bukom Banku, has etched his name in history at the recently concluded 2023 African Games by securing a silver medal, surpassing his father’s achievements from 25 years ago. Competing in the fiercely contested 86kg cruiserweight category, Kamoko initially secured his place in the semifinals with an outstanding […] The post African
King Charles III is “so proud of Catherine for her courage” in speaking about her treatment for cancer, Buckingham Palace has said. The King, who has been diagnosed with cancer himself, is in the “closest contact with his beloved daughter-in-law”, a short statement read. Support has poured in for the Princess of Wales, who described […] The post King hails
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
A prominent Haitian gang leader who escaped prison earlier this month has been shot dead by police – as political groups appear to be getting closer to finalising a transition council in the country. Ernst Julme, known as Ti Greg, was the head of Delmas 95 which is part of Jimmy “Barbecue” Cherizier’s alliance of […] The post Police
Uganda’s President Yoweri Museveni on Thursday appointed his son as top commander of the military, a controversial move in a country where many have long believed Museveni is grooming his eldest child for the presidency. Museveni’s son, Gen. Muhoozi Kainerugaba, has recently been holding rallies around the country, in violation of a law barring serving […] The post Ugandan
The Bank of Ghana has reiterated its commitment to combating the circulation of counterfeit currency. The Central Bank emphasizes its progress toward achieving a zero-counterfeit regime. Counterfeiting and possession of counterfeit banknotes are punishable by law. During a press conference held during a tour of the currency processing centre as part of Ghana Heritage Month, […] The post BoG
Ghana’s policy rate is one of the highest globally and can not be justified, therefore the Bank of Ghana (BoG) has a duty to slash it drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing […] The post Ghana’s policy rate is one of the highest
The Bank of Ghana (BoG) has a duty to slash its Policy Rate (PR) drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing the rate drastically will trigger a decline in the ‘artificially high’ lending […] The post Cut policy rate drastically – Economist tells Bank
Large areas of Ukraine are suffering blackouts after Russian missiles targeted energy infrastructure. Fifteen blasts were reported in the second-largest city, Kharkiv, said the mayor, while more than 53,000 households in Odesa were without power. Ukraine’s energy minister, German Galushchenko, accused Russia of trying to provoke “a large-scale failure of the country’s energy system”. A […] The post Blackouts
The United States Agency for International Development’s (USAID) West Africa Biodiversity and Low Emissions Development (WABiLED) program today Friday March 22 concluded a comprehensive three-day training workshop aimed at engaging private transport and finance sector stakeholders in combating wildlife crime. The training workshop brought together over 40 participants including representatives from key financial institutions and […] The post USAID
To understand how much the US government’s new lawsuit strikes at the heart of the identity Apple has forged for itself, let’s first consider the firm’s fanbase. Apple has a unique position as a tech brand. I’ve sat through a lot of Apple events in my time, both virtually and in person, and one thing […] The post Apple becomes the latest tech giant under
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