Will a policy rate cut be sufficient to drive down banks’ lending rates?
The Bank of Ghana, in March 2020 reduced the monetary policy rate by 150 basis points from 16.0 percent to 14.5 percent in response to the debilitating effects of the ...
Tag: Central Bank
Déjà vu: Will Inflation return to below-target levels in Q1 of 2021?
After rebasing the economy in August 2019, y-on-y inflation rate from August to December 2019 averaged 7.8 percent with August 2019 recording a rate of 7.7 percent, below the central ...
Banking Sector resilience still on course- Dr. Ernest Addison
The Governor of the Bank of Ghana, Dr. Ernest Addison has revealed that the financial sector’s resilience during COVID-induced turbulent times has not been missed and continues to remain intact. ...
Interest rates in the country makes it almost impossible to do business profitably- Togbe Afede
Togbe Afede XIV,the President of the National House of Chiefs, has attributed the collapse of businesses in the country to Ghana’s interest rates which according to him, has over the ...
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