The 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 …
Monetary Policy Committee (MPC)
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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 …
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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% …
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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 …
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Business, Small BusinessEconomy and Finance
Banking sector performance improves significantly as total assets expand to GH¢493.9 billion
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed Ghana’s banking industry has demonstrated robust growth and resilience, with the sector’s total assets expanding by an impressive 26.6 percent to reach GH¢493.9 billion. The strong …
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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 …
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Economy and Finance
ADB clinches ‘Top 3’ spot in industry liquidity rankings
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed As the Ghanaian banking landscape pivots from defensive survival to strategic expansion in early 2026, the Agricultural Development Bank (ADB) PLC has carved out a dominant …
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Economy and Finance
NPL risks cast shadow over Ghana’s economic recovery amid BoG rate cut
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed Professional services firm Deloitte and the Bank of Ghana (BoG) have issued a dire warning: while Ghana’s macroeconomic indicators are brightening, a “stubborn mountain” of bad …
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Economy and Finance
Cut or Hold: BoG MPC faces biggest test on policy rate decision as economists vary in opinion
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed The Bank of Ghana’s Monetary Policy Committee (MPC) will be holding its 129th regular meeting this week with a difficult riddle to solve. Should it reward …
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Economy and Finance
BoG warns banks to adapt as falling interest rates threaten profitability
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed The Bank of Ghana (BoG) has issued a wake-up call to commercial banks, warning that their heavy reliance on government securities and interest income could undermine …