The seven member of the Monetary Policy Committee, (MPC), of Bank of Ghana and chaired by the governor, Dr Ernest Addison will this week begin its bimonthly meeting to review …
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Gov’t confident to pass first IMF review; sure of securing the next US$600m
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The government will open its books in September for the International Monetary Fund (IMF) for its first review, after it successfully secured a US$3.0 billion Balance …
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BoG’s operational mechanism hailed
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Former Vice Chancellor of the University of Ghana has praised Bank of Ghana’s operational mechanism, stating that it surpasses most public institutions. Highlighting the significant …
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GIPC optimistic of IMF’s role in Ghana’s economic recovery
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The Ghana Investment Promotion Centre (GIPC) has expressed optimism regarding Ghana’s economic prospects despite the ongoing cost of living crisis and inflationary pressures. The Center …
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Ghana to get US$6.2bn from multilaterals to rebuild economy
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The government is expecting to receive a total of US$6.2 billion from its multilateral agencies to support the rebuilding of the collapsed economy. …
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Locked up monies on deactivated MoMo accounts numbers to be retrieved for owners
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Relief to owners of SIM cards who have their numbers deactivated but had monies in their mobile money accounts are to receive their monies soon as …
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Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula
by Adnan Adamsby Adnan AdamsThe Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has announced that Mobile Network Operators (MNOs) are working with the Bank of Ghana to facilitate the retrieval of funds for individuals …
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Ghana to receive first tranche of $1.1bn by September – World Bank
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The World Bank office in Ghana has disclosed that Ghana is likely to receive the first tranche of the US$1.1billion budget support by September ending. …
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Prudent fiscal management high on gov’t table
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed As part of measures to meet the dictates of the International Monetary Fund vis-a-vis the recently-approved US$3 billion bailout, government is expected to prioritize fiscal adjustments …
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Banks recapitalisation: gov’t support to be conditional on long-term profitability
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The International Monetary Fund (IMF) says commercial banks are expected to submit their credible time-bound plans to rebuild capital buffers on a phased basis. The …