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• Banks post strong growth

  The banking sector continues to show dominance in the Ghanaian economy as it made significant strides for the first nine months of the year. According to the latest report of the Monetary Policy Committee of the Bank of Ghana on the economy, the banking... Posted Oct 30 2008, 02:02 PM by daisy with | with no comments Filed under: headline, Monetary Policy Committee, Banking sector, October report

• BoG to decide fate of prime rate

  The Monetary Policy Committee (MPC) of the Bank of Ghana will on Tuesday decide whether to keep or review the prime rate- the rate at which it does its lending to universal, commercial and merchant banks-when it presents the MPC report for the last quarter... Posted Oct 27 2008, 11:07 AM by daisy with | with no comments Filed under: bank of Ghana, headline, Monetary Policy Committee, prime rate

• Loan Sharks’ killing Businesses

  Despite the favourable and handsome profits enjoyed by financial institutions in the country, the cost of borrowing is still high for the average Ghanaian. Until recently, the Monetary Policy Committee (MPC) of the Bank of Ghana had maintained a fairly... Posted Aug 27 2008, 02:33 PM by daisy with | with no comments Filed under: Monetary Policy Committee, Savings and Loans

• Personal Loans Rise

  Results of the first five months of the year, released by the Central Bank indicates that bank credit to households has increased by 89 percent to GH¢856.3 million compared with 49 percent increase for the same period in 2007. This means many individuals... Posted Jul 23 2008, 12:54 PM by daisy with | with no comments Filed under: headline, Monetary Policy Committee, Bank of Ghana report, Personal loans

• Economist challenges BoG over prime rate increase

  An economic consultant, Mr Kwamena Essilfie-Adjei has challenged the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) to prove that an increase in the prime rate leads to a reduction in inflation. The call follows an increase in the prime rate... Posted May 21 2008, 11:06 AM by daisy with | with no comments Filed under: headline, Monetary Policy Committee, Kwamena Essilfie Adjei

• Governor: Single digit inflation target not possible now

  Following the effect of the rising crude oil prices and the escalating cost of food on the economy, the Central Bank has dismissed projections for single digit inflation by the close of this year, saying, "It is not possible". Consequently,... Posted May 20 2008, 01:01 PM by daisy with | with no comments Filed under: headline, Monetary Policy Committee, Inflation target

• Manufacturers kick against prime rate increase ahead of MPC meeting

  Local manufacturers called for a stay of the Bank of Ghana prime rate ahead of a Monetary Policy Committee (MPC) meeting on Tuesday. The MPC starts discussions tomorrow to review the health of country’s fiscal policy since the redenomination of the country... Posted May 13 2008, 11:57 AM by daisy with | with no comments Filed under: Monetary Policy Committee, prime rate

• MPC Meets Today

  With the continuous volatility of price of crude oil on the world market, the Monetary Policy Committee (MPC) of the Bank of Ghana’s quarterly review of the economy which begins today, would be hugely centered on how to sustain the economy from the oil... Posted Mar 10 2008, 10:52 PM by ofosua with | with no comments Filed under: bank of Ghana, headline, Monetary Policy Committee