According to the governor of the BoG, Dr Ernest Addison, “the country has fundamental issues that we have to address such as fiscal problems, very large deficits which is not …
Technology
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Economy and FinanceNewsTechnology
Job scarcity increases for 1st 10 months of 2022
by Adnan Adamsby Adnan AdamsAccording to the BoG, the Ghana cedi came under pressure in September and October on fiscal concerns. Pressure to the currency came from energy and corporate demand. Also, the strength …
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Economy and FinanceTechnology
T-Bills, individual bondholders free from debt restructuring
by Adnan Adamsby Adnan AdamsLast week, government invited holders of domestic debt to voluntarily exchange approximately GHC137 billion of the domestic notes and bonds of the Republic, including E.S.L.A. and Daakye bonds, for a …
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This forecast is conditioned on the continued maintenance of tight monetary policy stance and the deployment of tools to contain excess liquidity in the economy.
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Agric and EnvironmentNewsTechnology
UBA among World’s Safest Banks – Global Finance
by Adnan Adamsby Adnan AdamsAccording to Global Finance, “To be eligible for inclusion among the Safest Banks by Country, entities must be among the world’s largest 1,000 banks by assets and carry at least …
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Economy and FinanceNewsTechnology
BoG to review Cyber and Information Security Directive to ensure secured banking environment
by Adnan Adamsby Adnan AdamsIt is therefore admonishing all RFIs to pay particular attention to the increased cyber security risks and Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) issues associated with digitalization.
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Economy and FinanceNewsTechnology
SEC not informed on possible debt restructuring and ‘haircut’
by Adnan Adamsby Adnan AdamsSEC boss, however, has dismissed the perception that the ‘mark-to market’ valuation method in the valuation of investment assets or securities is a ‘haircut’.
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Economy and FinanceNewsTechnology
Cedi depreciation to hike inflation further
by Adnan Adamsby Adnan AdamsThis shows the sharp relationship the Cedi depreciation has on the untamed imported inflation. However, the Finance Minister has reiterated government’s commitment to stabilising the Ghana cedi by the end …
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Economy and FinanceNewsTechnology
BoG decry allegation of conspiring with third forces to transfer funds offshore
by Adnan Adamsby Adnan AdamsThe Central Bank says it vehemently denies the said allegations and also considers them extremely reckless.
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Economy and FinanceNewsTechnology
BoG likely to tighten policy rate further
by Adnan Adamsby Adnan AdamsThe Federal Reserve last week increased the benchmark rate to its highest in 14 years. The bank hopes pushing up borrowing costs will cool the economy and bring down price …