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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    CBOD calls for a more structured supply of Forex for petroleum products

    Economy grows by 3.3% in Q1 of 2022; slowest since Q3 of 2020

    Ghana International Bank reaches agreement with UK’s FCA over £5.8m fine

    UK watchdog fines Ghana International Bank for poor anti-money laundering systems

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

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    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

    #CitiBusinessFestival: Forum on surviving uncertainties of consumer markets comes off today

    A law that will compel banks to lend to Agric sector players being considered – Min. of Agric

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    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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BoG Governor must work to reduce interest rates

bycitibusinessnews
April 7, 2016
in Banking And Finance, Business, TECHNOLOGY
BoG Governor, Dr Issahaku

BoG Governor, Dr Issahaku

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Players in the financial industry want the new BOG governor, Dr Abdul Nashiru Issahaku to amend and push policies that will help reduce interest rates in the country.

[contextly_sidebar id=”y7FMiSoIR854G1r6KBl7KecjbpKti9yy”]President Mahama on Tuesday appointed a new governor for the bank of Ghana following the retirement of the former, Dr Henry Kofi Wampah.

Speaking in an interview with Citi Business News, Chief Executive Officer of Galaxy Capital, Samuel Bright- Kaitoo said he expects the new BOG boss to make the industry more flexible for operations.

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‘‘We are expecting him to put in policies that will bring down interest rates because money markets instrument thrives on the BOG base rate and the treasury bill rate,”

“So if policies are put in place to reduce the treasury bill rate and all other rates that serves as a bench mark in determining rates for fixed deposits, then I think it will go a long way to help us.’’ He noted.

–

By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana

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