The seven member of the Monetary Policy Committee, (MPC), of Bank of Ghana and chaired by the governor, Dr Ernest Addison will this week begin its bimonthly meeting to review …
Monetary Policy Committee
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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
BoG likely to hike policy rate further
by Adnan Adamsby Adnan AdamsThe 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. …
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Economy and FinanceNewsTechnology
Fiscal deficit worsens by 0.3% of GDP
by Adnan Adamsby Adnan AdamsThe 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 …
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Economy and FinanceNewsTechnology
Trade surplus improves as it almost doubles in value
by Adnan Adamsby Adnan AdamsThe 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 …
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Economy and FinanceNewsTechnology
A bite at BoG’s inflation targeting framework.. is it still effective or a ‘try your luck’?
by Adnan Adamsby Adnan AdamsThis 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, …
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Economy and FinanceNewsTechnology
BoG shocked at rate of inflation rise…but boast of solid economy
by Adnan Adamsby Adnan AdamsThe 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 …
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Economy and FinanceNewsTechnology
Using Policy Rate to Control Inflation and Liquidity… MPC faces toughest time
by Adnan Adamsby Adnan AdamsSome 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 …
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Economy and FinanceNewsTechnology
Rating agencies downgrades put ‘badly affected’ the cedi – BoG
by Adnan Adamsby Adnan AdamsThe 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 …