Monetary Policy Committee Archives

Banking Economy News

BoG likely to hike policy rate further

July 17, 2022 61 0

The Monetary Policy Committee, (MPC) will from this week begin to review the health of the economy and also announce a new policy rate for the next couple of months. But there strong indication that the BoG would hike the policy rate further in attempt to anchor inflation.

Banking Economy News

Fiscal deficit worsens by 0.3% of GDP

May 30, 2022 134 0

The Monetary Policy Committee (MPC) during its press conference indicated that, it observed that execution of the budget for the first quarter was broadly in line with targets although there was a minor deviation in the deficit target, stemming largely from low revenue receipts.

Banking Economy News

Trade surplus improves as it almost doubles in value

May 30, 2022 133 0

The improvement in export earnings was attributed to crude oil and non-traditional exports. Crude oil export receipts recorded significant growth of 61.0 per cent to US$1.9 billion, due to price effects, while gold exports improved by 3.6 per cent, also supported by price effects.

Banking Economy News

A bite at BoG’s inflation targeting framework.. is it still effective or a ‘try your luck’?

May 20, 2022 251 0

This has therefore lay bare the inflation targeting regime of the central bank, which it uses to control economy in terms of currency exchange rate and rate of economic growth, to criticisms by some economists as to whether it real works the magic or it is a 'try your luck' theory.

Banking Economy News

BoG shocked at rate of inflation rise…but boast of solid economy

May 20, 2022 152 0

The MPC need to decide on the current policy rate, which stands at 17%. The policy rate, which influences interest rates for individuals and businesses, is also used as a tool to curb inflation in the country.

Banking Economy News

Using Policy Rate to Control Inflation and Liquidity… MPC faces toughest time

May 20, 2022 221 0

Some economists have predicted that, the MPC bimonthly review of the economy will ‘sweat’ to arrive at policy recommendations that balance its mandate to tame the unprecedented inflation spike, manage liquidity issues, and growing the economy.

Banking Economy News

Rating agencies downgrades put ‘badly affected’ the cedi – BoG

March 28, 2022 253 0

The Sovereign credit rating downgrades of Ghana by Fitch and Moody’s led to “widened yield spreads on both cedi-denominated government of Ghana bonds and the country’s Eurobonds”, the Bank of Ghana has said.

BoG likely to hike policy rate further

Fiscal deficit worsens by 0.3% of GDP

Trade surplus improves as it almost doubles in value

A bite at BoG’s inflation targeting framework.. is it still effective or a ‘try your luck’?

BoG shocked at rate of inflation rise…but boast of solid economy

Using Policy Rate to Control Inflation and Liquidity… MPC faces toughest time

Rating agencies downgrades put ‘badly affected’ the cedi – BoG

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