The post Ghana’s Economy: We must admit that our economy is ‘Dollarized’ – Paul Eric Ofori appeared first on Citinewsroom - Comprehensive News in Ghana.
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the Cedi was relatively stable in the first quarter of 2024 against the major trading currencies, especially the Dollar. He says they expect the stability to continue. Answering questions at the 117th Moneyray Policy Committee (MPC) press conference in Accra on Monday […] The post Cedis is relatively stable
A Nigerian court on Tuesday sentenced a Chinese national to death after finding him guilty of killing his girlfriend, a government official told The Associated Press, vowing to recommend execution if he unsuccessfully appeals the ruling. Frank Geng-Quangrong was convicted by a local court in northern Nigeria’s economic hub of Kano state, Kano Justice Commissioner […] The post Nigerian
Eyewitness News, Tuesday, 26th March, 2024 The post Eyewitness News, Tuesday, 26th March, 2024 appeared first on Citinewsroom - Comprehensive News in Ghana.
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
Dan Botwe addressing members of the campaign team The National Campaign Manager for the New Patriotic Party (NPP) flag bearer, Dr. Mahamudu Bawumia, Dan Kweku Botwe, has inaugurated the Read More... The post Bono, Bono East, Ahafo Bawumia Campaign
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
In Akyem, the Learnership Trainee Programme has been instrumental in providing young people with the skills needed for building careers in mining. Launched in November 2015, the initiative is part of Newmont’s effort to contribute to the local community by training youth in operational and employable skills. As the programme entered its eighth (8th) year […] The post
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 Mining Income Investment Fund (MIIF), is on the verge of piloting what has been described as the most revolutionary financing initiative for small scale gold mining in Africa. This was disclosed by the CEO of MIIF, Edward Nana Yaw Koranteng at the Distinguished Speaker Series at the University of Mines and Technology, UMat, Tarkwa. […] The post Small-scale
The military of the West African nation, which is plagued by kidnappings largely driven by demands for ransom payments, said 137 children had been freed in the country’s north.
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
Oxford Business Group (OBG) and MIIF have published its comprehensive report titled “ESG in Ghana’s Mining Sector,” shedding light on the pivotal role of Environmental, Social, and Governance (ESG) considerations in shaping the nation’s mining landscape. The report delves into the evolution of Ghana’s mining industry, exploring how ESG policies and initiatives are driving responsible […] The post
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
Stephen Asamoah Boateng presenting certificate to one of the winners The Ghana Culture Forum (GCF) has commended GCB Bank PLC’s support towards the 2024 Ghana Culture Week. Chairpersonof the Read More... The post Ghana Culture Forum Lauds GCB Bank appeared first on
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