By Adnan Adams Mohammed Developers and homebuilders across Ghana are experiencing a rare period of cost predictability as the country’s building materials inflation held completely steady at 2.2 percent for …
Bank of Ghana (BoG)
-
-
Business, Small BusinessEconomy and Finance
Govt retreats from high Eurobond costs, FX risks …settles for domestic bond issuances for now
by Adnan Adamsby Adnan AdamsBy Toma Imirhe The Government of Ghana is deliberately staying away from the international bond market despite the sharp improvement in the country’s macroeconomic indicators, and consequent sovereign credit ratings, …
-
Business, Small BusinessEconomy and FinanceReligion
Catholic expert’s appointment to NIB Advisory Council crushes ‘Islamisation’ fears
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed In a historic move that signals the imminent launch of Ghana’s first fully licensed Non-Interest Banking (NIB) institution, the Bank of Ghana (BoG) has announced the …
-
Economy and Finance
BoG rejects artificial market intervention …focuses on reserve accumulation to anchor cedi and check volatility
by Adnan Adamsby Adnan AdamsThe Bank of Ghana (BoG) has firmly ruled out executing artificial or heavy-handed interventions in the foreign exchange market to manage recent demand pressures on the local currency. Instead, the …
-
Business, Small BusinessEconomy and Finance
BoG rallies for unified financial markets to fuel digital future …as Africa economy tipped to maintain steady growth through 2028
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed Emerging from a series of global macroeconomic shocks, the African continent is projected to maintain a resilient and steady economic growth trajectory from 2026 through 2028. …
-
Economy and Finance
BoG orders banks to chase defaulters on ‘written-off loans’ …to avoid ‘moral hazard’
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed The Bank of Ghana (BoG) has directed commercial banks to aggressively pursue borrowers of fully provisioned loans, warning that completely erasing bad debts from their books …
-
By Toma Imirhe Even ahead of last week’s decision by the Bank of Ghana’s Monetary Policy Committee not to cut the benchmark Monetary Policy Rate any further from the 14% …
-
Economy and Finance
Lending, deposit rates to remain unchanged …as BoG maintains 14% policy rate for next 2 months
by Adnan Adamsby Adnan AdamsBy Toma Imirhe The Bank of Ghana has put its aggressive monetary easing cycle on hold, with its Monetary Policy Committee (MPC) deciding last week to maintain the benchmark Monetary …
-
Business, Small Business
MoMo transactions hit GH¢493.2 billion as BoG and agents push for safety amid aggressive expansion
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed Ghana’s digital financial ecosystem has shattered previous records, with mobile money (MoMo) transaction values soaring to an unprecedented GH¢493.2 billion. The staggering figure represents a massive …
-
Business, Small BusinessEconomy and Finance
BoG set to license first Non-Interest Bank soon …as two industry experts are appointed to NIFAC
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed The Bank of Ghana (BoG) is set to issue its first operational license for a non-interest banking institution before the end of 2026. The milestone follows …