BankOfGhana

Bank of Ghana Holds Interest Rates Steady Amid Rising Inflation Concerns

24 days ago

The Bank of Ghana has decided to keep its benchmark interest rates unchanged as it grapples with surging inflation that has prompted concerns across the economy. In its latest policy announcement, the central bank underscored the delicate balance it must maintain in managing both economic stability and controlling inflationary pressures.

Ghana's Interest Rate Decision on a Knife's Edge Amidst Rising Inflation

25 days ago

The monetary policy landscape in Ghana is currently facing a critical juncture as the nation grapples with fluctuating inflation rates, prompting speculation regarding the potential adjustment of interest rates. As authorities prepare for their upcoming monetary policy meeting, many economists and market analysts find it increasingly difficult to predict the central bank's likely course of action.

Ghana's Cedi Strengthens for Second Consecutive Day Following Central Bank Intervention

1 month ago

The Ghanaian cedi has experienced a notable rebound against the US dollar, marking its second consecutive day of appreciation. This positive momentum comes after coordinated efforts by the Bank of Ghana, which injected a significant amount of capital into the foreign exchange market by selling $214 million. This strategic move aims to stabilize the cedi amidst ongoing volatility.

Ghana Central Bank Launches New Gold Coin to Boost Savings

3 months ago

The Bank of Ghana has issued a new gold coin intended to boost savings among its citizens and ultimately grow the national savings rate. This novelty is meant to be just one more avenue of investment for Ghanaian citizens, who usually face problems in finding safe and profitable ways to save under unstable economic conditions.