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BoG likely to reduce policy rate again – Razia Khan  

Senior Economist at Standard Chartered Bank

A Senior Economist with Standard Chartered Bank, Razia Khan is projecting that the Bank of Ghana may reduce the policy rate today, May 21, 2018. The Monetary Policy Committee (MPC) of the central bank is expected to announce a policy rate today after concluding its review on the economy. The MPC, at its last meeting in March 2018 reduced the ...

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BoG’s MPC concludes assessment of economy today

bog microfinance

The Monetary Policy Committee (MPC) of the Bank of Ghana will Friday, May 18, 2018, conclude its meetings on assessing the economy. The committee is expected to provide its verdict on the economy and announce a new policy rate on Monday, May 21st, 2018. At the last MPC meeting in March, the policy rate was reduced by 200 basis points. ...

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Mixed reactions meet BoG’s cut in policy rate

bog microfinance

There are mixed reactions to the Bank of Ghana’s new policy rate of 18%. The central bank on Monday, March 26, 2018 announced that it has reduced the policy rate by 200 basis points after concluding its Monetary Policy Committee (MPC) meetings for the quarter. The Governor of the Bank of Ghana, Dr. Ernest Addison among others mentioned that the ...

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BoG reduces policy rate to 18%

Governor of BoG, Dr. Ernest Addison

The Bank of Ghana has reduced the policy rate to 18 percent. This represents a 200 basis points reduction in the policy rate which was at 20 percent. Today’s announcement of a reduction is the first after the rate was maintained earlier in the year. The policy rate is the rate at which the central bank lends to commercial banks ...

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Bankers, businesses urge BoG to reduce policy rate

bank-of-ghana pic

Banking industry players are anticipating nothing but a reduction in the policy rate by the Bank of Ghana. It follows what they cite as favourable conditions that warrant a further reduction in the rate at which the central bank lends to commercial banks for onward lending to customers. The Monetary Policy Committee (MPC) of the Bank of Ghana is later ...

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BoG keeps policy rate at 20 percent

bog microfinance

The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 20 percent. The decision was announced at the media briefing to conclude the MPC’s annual meetings on Monday, January 22, 2018. The MPC last year (2017), reduced the policy rate by 550 basis points. In 2017, the figure went down from 25.5percent in January ...

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BoG announces policy rate today     

Governor of BoG, Dr. Ernest Addison

The Governor of the Bank of Ghana, Dr. Ernest Addison is today [January 22, 2018] expected to announce the central bank’s policy rate for commercial banks for the next couple of months. It follows the completion of the Monetary Policy Committee (MPC’s) annual meetings to review the Ghanaian economy. Today’s announcement will be the first for this year and it ...

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BoG’s MPC meets over economy today

bog

The Monetary Policy Committee (MPC) of the Bank of Ghana will today [January 19, 2018] commence its annual meetings to review the Ghanaian economy. This will be the first for this year and it will conclude with the announcement of a policy rate on Monday, January 22, 2018. For last year [2017] alone, the central bank reduced the policy rate ...

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4 key highlights of BoG’s economic data [Article]

bog

Bank of Ghana (BoG) just released its November 2017 economic and financial data. I found 4 key highlights from the BoG report. NPL increasing: Non-Performing Loans (NPL) are still increasing for Banks – September 2017 it was 22.2% and in October 2017, it was 21.6% compared to 19% in October 2016. Why is it increasing? We will become number 1 soon ...

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BoG reduces policy rate again to 20%

Dr. Ernest Addison, Governor of the Bank of Ghana

The Bank of Ghana (BoG) has reduced the policy rate by 100 basis points from 21 percent to 20 percent. This was announced after the Monetary Policy Committee (MPC) finished its 79th meeting which is the final for 2017. This is the fourth reduction for this year by the Central Bank. By this, the policy rate has been reduced from ...

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