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Monetary-policy-report
Inflation to decline between 13-17% by December 2024 – BoG
BoG projects further easing in overall stance on corporate loans
Credit risk remains elevated, slows down new lending by banks – BoG
Investments constituted largest component of total assets of banks as of October 2023; hit ¢103.7bn – BoG
T-bills now constitute banks largest investment portfolio; increase to 51% from 17.8% – BoG
Government interest payments, capital expenditure fall but compensation up 6.4% in quarter 1, 2023
Banks’ capital adequacy ratio falls due to investment losses – BoG
Shareholders’ funds of banks hit ¢26.5bn in October 2022; growth slows down
Consumer spending grows strongly in quarter 3, 2022; manufacturing activities also improve – BoG
Cedi loses 37.5% in value to dollar as of September 30, 2022 – BoG
Banks profit-before-tax grows 25.2% to ¢6.1bn
BoG forecasts supply deficit for cocoa market in 2021/22 crop season
Credit to private sector recovers to pre-pandemic levels; total advances hit ¢24.6bn
Interest payments hit ¢10.6bn in quarter 1; domestic interest payments constitute 82.7% – BoG
Real sector economy to recover to its potential soon – BoG
Number of advertised jobs decreased marginally to 2,777 in April 2022 – BoG
Real sector economy records improvement in performance in January 2022 – BoG
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