Credit growth expands by 16.2 % in first half
The Monetary policy report on banking Sector Developments released by the Bank of Ghana in July 2020 shows that the industry’s stock of gross loans and advances increased to GH¢45 ...
Tag: #Bank of Ghana
Ghana’s External debt stock grew by 28% in the past one year.
Ghana’s external debt has increased by GHS30.2 billion between July 2019 and July 2020. The total external stock of public debt has increased from GHS 107.8 billion in July 2019 ...
Total exports contract 9 percent year-on-year in the first eight months of the year -BOG
A recent data released by the Bank of Ghana (BOG) on September 25, 2020 shows that the total value of the country’s export has declined significantly over the past one ...
Pension sector expands 18 percent last year.
The 2019 financial stability review report released by the Bank of Ghana on Wednesday, September 30, 2020 shows that the pension sector continues to expand in spite of emerging vulnerabilities ...
Total value of mobile money transactions increase by 115% year-on-year in August 2020.
Recent data released by the Bank of Ghana on Friday; September 25, 2020 shows that the total value of mobile transactions have seen an unprecedented increase over the past one ...
Ghana’s public debt stock hits 68.3 percent of GDP.
The total stock of public debt has increased from GHS 258.8 billion in June 2020 to GHS263.1 billion at end of July this year. As a percentage of GDP, the ...
Bank of Ghana maintains policy rate at 14.5 percent
The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 14.5 percent. The decision to maintain the rate is as a result of positive signs ...
Total assets of banking sector grow by 23.8 %
Total assets of the banking sector increased from GHS115.2 billion in August 2019 to GHS142.6 billion in August 2020, representing a growth of 23.8 percent, according to data released by ...
Our Financial System is Relatively Strong Following Reforms Carried Out in The Last Three Years – Dr. Ernest Addison.
The Governor of the Bank of Ghana, Dr. Ernest Addison has stated that Ghana’s financial system is relatively strong following reforms carried out in the last three years even though ...
BOG sets October 1, 2020 for the trading of Repos.
BOG has set October 1, 2020 as the Go Live date for the trading of Repos in Ghana, based on the Global Master Re-Purchase Agreement legal document (GMRA). This is ...
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