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
Residents of Ashaiman in the Greater Accra Region have threatened to oppose political activities in the area this year due to the poor state of roads. The residents claim that the government has ignored their pleas for improved roads, causing frustration for commuters. During a demonstration, the residents expressed their displeasure, highlighting the challenges posed […] The post Don’t
Before Alhaji Collins Dauda and Dr. Kwaku Agyeman-Mensah were respectively appointed as Minister for Works and Housing, an amount of US$80 million had already been invested into the Saglemi housing project. Mr Godwin Edudzi Tamakloe, Counsel for Agyeman-Mansah, told an Accra High Court, presided over by Justice Ernest Owusu-Dapaa, on Tuesday. He said the amount […] The post Collins,
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
Russian police have cracked down on a large protest in the far eastern region of Bashkortostan after an activist was jailed. The protest broke out after a court in the town of Baymak sentenced Indigenous rights activist Fail Alsynov to four years in a penal colony on Wednesday. About 3,000 supporters were involved in the […] The post Protest turns violent as
Trade and Industry Minister, KT Hammond, has described as troubling the decision of cement producers and importers to increase prices. The Adansi Asokwa MP says the development is a “conspiracy of a cabal of cement producers and importers,” which should be condemned. According to him, the government has provided the necessary enabling environment for cement […] The post KT
Arsenal star, Thomas Partey will not be at the 2023 Africa Cup of Nations together with other key personalities. In the official squad announced on Monday, January 1, 2024, Thomas Partey, Abdul Fatawu Issahaku and Abdul Baba Rahman are the key players who have not been named in the team for the Africa Cup of […] The post 2023 AFCON: Chris Hughton names 27-man squad
The Ghana Navy and the Narcotics Control Commission (NACOC), in collaboration with the Ghana Police, have arrested six persons over alleged narcotics. The operation conducted by the Ada Foah Detachment of the Ghana Navy Riverine Command, along with the Ghana Police also led to the seizure of 81 sacks of suspected marijuana. The team discovered […] The post Six
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
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