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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

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    Gold exports push Ghana’s trade surplus to $1.3 billion in April

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    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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I’m optimistic of cedi stability- BoG Governor

bycitibusinessnews
January 1, 2017
in Banking And Finance, Government, Top Stories
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The governor of the Bank of Ghana (BoG) Dr.Abdul-Nashiru Issahaku has expressed optimism in the stability of the cedi as the year starts.

According to him, the local currency showed some level of stability in 2016, reducing some level of domestic inflationary pressures.

“The Ghana Cedi has remained broadly stable during the year and we are optimistic that the cumulative depreciation for the year will remain in the single digits,” he said.

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“This stability in the Ghana Cedi has reduced the pass-through to domestic inflation, although inflation is still above target. We therefore need to sustain the macroeconomic stability to anchor expectations and to build shock absorbers in the face of continued volatility in the global economic and financial environments,” he said.

Enumerating some measures taken by the central bank to enhance transparency, Dr. Issahaku stated that the communication department  was equipped to inform the investor community and Ghanaians on developments at the bank.

“The establishment of our new Communications Department, has assumed such a strategic role in our communication functions. As a department within the Bank, the goal is to proactively support the mandate of the Bank in ensuring price stability and ultimately contributing to economic growth,” he said.

“The work of the department is to promote monetary policy communication as well as economic development communication. I want to urge you to continue to work with them in seeking feedbacks on the various aspects of our operations,” he added.

He stated that in an effort to further promote effective public accountability the bank has also introduced a 24-hour Contact Centre.

“This offers the general public the opportunity to have complaints, questions and requests for information dealt with promptly,” he said adding that “we have the technical team that provides the backstopping function at all times”.

He was of the view that the platform would introduce an interactive voice response system overtime that would also have built-in financial education section for the public.

–

By: Vivian Kai Lokko/Lawrence Segbefia/citibusinessnews.com/Ghana

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