Dr. Ernest Addison In a recent announcement, the Bank of Ghana (BoG) has decided to maintain its Monetary Policy Rate (MPR) at 29%. This move comes in response to a Read More... The post BoG Maintains Monetary Policy Rate At 29% appeared first on DailyGuide
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […] The post Cedi continues
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has stated that Fiscal policy implementation so far has been broadly consistent with targets under the International Monetary Fund External Credit Facility (IMF ECF) supported programme. Although the primary fiscal balance (Total Revenue less Total Non-Interest Expenditure) target for 2023 was attained, he said, the […] The post Fiscal
The Central Bank announced Monday it has decided to adjust the Cash Reserve Ratio (CRR) for banks. Governor of the Bank of Ghana and Chairman of the Monetary Policy Read More... The post BoG Adjusts Banks’ Cash Reserve Ratio appeared first on DailyGuide
Dr. Ernest Addison, Governor of Bank of Ghana The Bank of Ghana (BoG) has maintained its Monetary Policy Rate (MPR) at 29% following a review of some developments in Read More... The post Policy Rate Remains 29% appeared first on DailyGuide Network
Dawda M. Hafisadeen, a former Chief Financial Officer (CFO) of the defunct Beige Bank, says the Bank of Ghana (BoG) declared his outfit insolvent without an opportunity of fair hearing. According to him, Beige Bank was denied the opportunity for explanation, despite being given 10 days to do so. Mr. Hafisadeen, now a lawyer, working […] The post BoG didn’t give Biege
As part of this year’s International Women’s Day celebrations, Stanbic Bank Ghana hosted a webinar focused on fostering a culture of inclusion in business operations. This initiative underscores the Read More... The post Stanbic Hosts Webinar On Inclusion appeared first on
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said that banking is a profitable business in Ghana. This explains the reasons why more investors want to move into the sector and inject their capital there, he said. Dr Addison said this while answering a question as to whether or not investors have […] The post Banking is a profitable business in Ghana – Governor Addison
The National Labour Commission has directed aggrieved teachers to call off their strike and meet with government on their grievances within twenty-four hours. The Commission also directed government, led by the Minister of Education Dr Yaw Osei Adutwum to, within two months, distribute the teachers’ laptops to them. The National Labour Commission gave the directive […] The post Labour
Nigeria international Alex Iwobi has labelled Ghana’s exit at the 2023 Africa Cup of Nations (AFCON) as shameful. The Black Stars despite high hopes of averting their previous dismal performance at the 2021 AFCON failed to impress once more. Ghana, despite entering the competition with high hopes of redemption following their lackluster performance in the […] The post Ghana’s AFCON exit was
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
The National Food Suppliers Association of Ghana (NAFSAG) has announced its intention to picket at the premises of the Ministry of Education if the outstanding debts owed to its members are not settled within the next 14 days. In a statement released on March 26, NAFSAG expressed concern over the unfair distribution of funds to […] The post Food suppliers
A senior member of the National Democratic Congress (NDC), Kwesi Ahwoi, has conceded that he misspoke and apologised to flagbearer John Dramani Mahama and the entire NDC party over his “anything can happen” comments at a nomination party for Jane Naana Opoku-Agyeman. The former Interior Minister’s comments have been interpreted to imply that the fate […] The post I misspoke, I apologise
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
Joyce Bawah Mogtari, a Special aide to former President John Dramani Mahama, has asked the New Patriotic Party (NPP) administration to stop peddling falsehoods about the flagbearer of the National Democratic Congress (NDC), Mr Mahama. In a post on her X platform reacting to a “fake” letter issued in the name of Mr Mahama, she […] The post Fix the economy, stop borrowing
By Samuel SAM The need to inspire and empower more successful women entrepreneurs to drive socio-economic development was highlighted at the GNCCI-GIZ Women Conference held in Tamale under the theme ‘Making AfCFTA Work through a Deliberate Inclusion of Women Entrepreneurs’. At the event, Hamidu Hamza Saana, the Northern Regional Director of the Ministry of Trade […] The post
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
Kwesi Ahwoi A senior member of the National Democratic Congress (NDC), Kwesi Ahwoi, has been criticised for suggesting that the party’s flagbearer, ex-President John Dramani Mahama, may die for Read More... The post Kwesi Ahwoi Sparks Outrage In NDC appeared first on
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
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