Adnan Adams Mohammed Ghana’s banking sector is to face another crisis if the Bank of Ghana fails with its control measures to avert the downturn consequence of the …
Bank of Ghana
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Economy and FinanceNewsPoliticsTechnology
‘Currency Board’ will effectively address monetary management infractions – IEA
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed As Ghana visage for a way out of its cyclical economic management mess, the government is advised to establish a ‘Currency Board (CB)’ to help in …
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Economy and FinanceNewsTechnology
Local banks resort to target lending.. mining firms luckiest– Fitch
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The banks suffering from fall in capital levels due to the domestic debt exchange program (DDEP) may resort to target lending, Fitch Solutions has said, …
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Economy and FinanceNewsTechnology
Ghana to stay off bonds market in short term amidst IMF programme – Fitch
by Adnan Adamsby Adnan AdamsIn its February 2023 Africa Monitor Report, Fitch Solutions, said the rising interest rates which has been hiked to 28% at the beginning of last year make domestic borrowing more …
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Agric and EnvironmentEconomy and FinanceLifestyleNewsTechnology
Inflation returns to target band in 2025
by Adnan Adamsby Adnan AdamsThe Bank of Ghana is very optimistic that headline inflation would return to its medium term target band of 8±2 percent during the second half of 2025. According to the …
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By Elorm Desewu The Bank of Ghana, (BoG), is very optimistic that the economy would soon recover as the government has spelt out measures that will put the fiscal on …
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Economy and FinanceNewsTechnology
Govt likely to achieve 6.6% deficit-BoG
by Adnan Adamsby Adnan AdamsAccording BoG, the fiscal data shows that both revenues and expenditure outturns for the first nine months of 2022 fell short of their respective targets.
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Economy and FinanceNewsTechnology
BoG suspends budget financing beginning 2023
by Adnan Adamsby Adnan AdamsAccording 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 …
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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 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.