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Banking sector solvent despite declines in financial soundness indicators
Banks project further easing of overall stance on loans to households
Number of advertised jobs in 2022 falls to 32,651 – BoG
Cedi lost 3.14% value to dollar last week; near-term outlook uncertain
Disregard propaganda, Governor Addison strong, healthy and in full control- Journalist
Bonds constituted 76.4% of banks investments in 2022
Banks wrote-off ¢5.9bn as bad debt in 2022
Cedi losses some stability; $1 equals ¢12.90
Inflation likely to peak in quarter 1, 2023 – BoG affirms position
IMF appoints Resident Adviser at Bank of Ghana
Cedi continues rise against dollar; gained 0.81% last week
T-bills auction: government secures ¢3.37bn but at higher interest rates
BoG must be blamed for high inflation – Professor Williams Peprah
BoG cannot justify scale of lending to government – IEA Director of Research
Financing Government expenditure in 2022 was critical to stabilize economy- BoG
BoG justifies financing of government’s 2022 budget with ¢44.5bn
Stop crowding out private sector investments with policy rate hike – Togbe Afede to BoG
Demand for dollars ease; BoG sold only $9.2m on spot market
It is sad BoG unlawfully printed $3.3bn for government – IEA Director of Research
Ghana to securitise $3.3bn in Central Bank loans
Currency outside banks grew significantly in 2022 despite 12.5% policy rate hike
We do not have BoG forex rates; what we publish are weighted average of transaction rates – 1st Deputy Governor
“It should not take IMF to direct government not to borrow from BoG” – IEA Research Director
We’re confident of IMF disbursement by end of March 2023- BoG Governor
Debt level is troubling; government must cut expenditure – Prof. Peprah
Economic activity moderates; but business, consumer confidence improves – BoG Governor
Banks profit fall by 18.9% to ¢3.9bn in 2022
Fiscal measures to help restore debt sustainability, cut inflation, stabilise cedi – MPC
Policy rate increases to 28%; cost of loans to surge
Total Mobile Money transactions hit record ¢1.07trillion in 2022
T-bills auction: Government records 60% oversubscription
Average lending rates increase sharply to 35.58% in December 2022
BoG, Finance Ministry commit to zero-financing of budget as IMF pre-condition
Ghana’s reserves ended 2022 at 2.7 months of import cover; but trade surplus hits $2.75bn
Cedi depreciated by 19.1% to dollar in January 2023 – BoG
Ghana’s public debt stood at ¢575.7bn in November 2022 – BoG
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