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Banking industry bounces back strongly in 2023; records profit – BoG
Our strong policies helped push inflation down drastically – BoG
Inflation to average 18% in 2024 – Fitch Solution
Total Mobile Money transactions hit record GH¢1.912trn in 2023
Consumer and business sentiments rebound – BoG
Monetary Policy Committee cuts policy rate to 29.0%
Average lending rate ends 2023 at 33.75% – BoG
BoG approves recapitalisation plans of undercapitalised banks – IMF
T-bills auction: Government records 121.4% oversubscription; Interest rates fall again
Cedi loses 0.7% in value to dollar as of January 2024 – BoG
Cedi loses 2.2% in value to dollar since January 2024; one dollar going for GH¢12.43
MPC begins 116th meeting to review developments in economy
IMF applauds government for commitment to strengthen governance, fight corruption
We expect early recapitalization to promote banking sector resilience – Governor
We are on course to bring down inflation drastically – Governor
T-bills auction: Interest rates down for 3rd consecutive week; Achieves 72% oversubscription
Ghana’s performance under Fund programme strong; Quantitative and indicative targets met – IMF
BoG to cut policy rate by 8.0 percentage points to 22% in 2024 – Fitch Solutions
Scale-up your forex buffers to withstand any shocks on cedi – BoG advised
“We need to manage a tight fiscal consolidation” in an election year – Dr. Addison cautions
We recorded zero BoG financing from 2017 to 2019 and 2021 until Covid-19 set in – Governor
Ghana’s inflation on course to outperform IMF’s target for end-2023 – Report
Cedi ended 2023 with depreciation of 15.57% to dollar
Cocoa Syndicated Loan inflows ease pressure on cedi; $1 equals ¢12.18
BoG to auction $120m to BDCs in quarter 1, 2024
Cheques cleared in quarter 3, 2023 estimated at ¢71.3bn – BoG
T-bills auction: Interest rates remain relatively same; Government secures ¢3.575bn
First tranche of Cocoa Syndicated Loan credited to BoG account
Banks wrote off ¢3.19bn as bad debt in October 2023
Credit risk remains elevated, slows down new lending by banks – BoG
Banking industry: Shareholders’ funds contract by 4.2% to ¢25.4bn – BoG
Investments constituted largest component of total assets of banks as of October 2023; hit ¢103.7bn – BoG
Top 10 NTEs fell to $241.8m in quarter 3 of 2023; Tuna accounts for largest share of exports – BoG
Inflation to remain above medium target of 8%±2 – BoG
BoG is an institution of excellence; it saved banking sector from collapse – Akufo-Addo
Tourist arrivals up 17.8% year-on-year in Q3, 2023; Container traffic dips
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