Economy and Finance

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• adjust base lending
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• cocoa farmer
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• dismisses two leaders
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• increase in minimum capital
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• Banks adjust interest rates

  Universal banks in the country have begun an upward adjustment of their respective base lending rates in response to the Bank of Ghana's new prime rate. The banks are expected to increase their base lending rates by between 50 and 100 basis points... Posted Mar 02 2009, 09:08 AM by patience with | with no comments Filed under: Bank of Ghana, Banks, universal Bank, adjust base lending, new prime rate

• BoG praised for raising stated capital of rural banks

  A cocoa farmer has commended the Bank of Ghana (BoG) for increasing the minimum capital requirement of Rural and Community Banks (RCB) saying it would guarantee customers investments. Opanyin Kwaku Agyabeng, the farmer and customer of the Mansoman Rural... Posted Feb 05 2009, 04:17 AM by patience with | with no comments Filed under: Bank of Ghana, headline, increase in minimum capital, cocoa farmer, recommend

• Bank of Ghana to join in mass registration at Accra Mall

  Bank of Ghana officials will join hundreds of people this weekend at the Accra Mall for mass registration of shoppers who will be issued with the biometric smart card. Officials of the Ghana Interbank Payment and Settlement Systems Limited say all shops... Posted Aug 15 2008, 12:48 PM by ghanazone with | with no comments Filed under: Bank of Ghana

• Bank of Ghana dismisses two trade union leaders

  Accra (Gh) – 30 June 2008 - The Chairman and Secretary of the Bank of Ghana Senior Staff Association have been dismissed in the latest twist to the rumpus over the unionisation of workers of the bank. According to reliable sources at the bank, the Chairman... Posted Jun 30 2008, 11:04 AM by daisy with | with no comments Filed under: Bank of Ghana, dismisses two leaders, union leaders

• BoG considers new figure for banks

  Bank of Ghana (BoG) is considering a new figure of GH¢20 million as new minimum capital requirement for the banks, B&FT has gathered. The Central Bank has been in consultation with the industry players over the new policy for some time now. Its initial... Posted Feb 11 2008, 02:16 AM by ofosua with | with no comments Filed under: Bank of Ghana, headline, Ghana

• Sovereign Bond Rescues Gov’t Spending

  Last quarter results on the health of the economy released by the Bank of Ghana indicates that government’s fiscal operations resulted in a narrow deficit of GH¢642.9 million including an estimated GH¢193 million financed by proceeds from the sovereign... Posted Feb 05 2008, 01:47 AM by ofosua with | with no comments Filed under: Bank of Ghana, headline, Ghana

• Banks Fight Recapitalisation

  Moves to increase the minimum capital for universal banks could be in jeopardy as members of the Association of Indigenous Banks in the country have teamed up against the Bank of Ghana. The association, spearheaded by the Agricultural Development Bank... Posted Nov 21 2007, 02:08 PM by ghanazone with | with no comments Filed under: Bank of Ghana, headline

• Prime rate up by 1%

  The Monetary Policy Committee (MPC) chaired by the Governor of the Bank of Ghana Dr. Paul Acquah has decided on a 1% increase on the Bank's Prime Rate. The MPC’s 1% increase was made to place the economy on the path of continued disinflation, bringing... Posted Nov 15 2007, 02:21 PM by ghanazone with | with no comments Filed under: Bank of Ghana

• Banks Assets Records GH¢7.11bn

  Total assets of universal banks have grown by 56.2 per cent to GH¢7.11 billion, compared with 28.4 per cent during the same period last year. The increment which is 51.7 per cent of the country's gross domestic product (GDP) was mainly due to strong... Posted Nov 08 2007, 01:51 PM by ghanazone with | with no comments Filed under: Bank of Ghana

• Customers plead with BOG

  Customers of the Atobiase Rural Bank in the Ashanti Region have called on the Bank of Ghana (BOG) to help them retrieve their money, which had locked up with the bank for over four months now. The customers some of whom have over GH¢20,000 deposit accounts... Posted Nov 07 2007, 03:44 PM by ghanazone with | with no comments Filed under: Bank of Ghana

• BoG Takes Steps To Check Inflation

  The Bank of Ghana (BoG) has raised the prime rate, the rate at which it lends to commercial banks, from 12.5 per cent to 13.5 per cent to help ease inflation in the economy. The economy has shown much resilience and exhibited disinflationary pressures... Posted Nov 07 2007, 02:56 PM by ghanazone with | with no comments Filed under: Daily Graphic, Bank of Ghana, inflation

• Acquah Is Africa Governor Of The Year

  The Governor of the Bank of Ghana, Dr Paul Acquah, has been awarded the 2007 African Central Bank Governor of the Year at the just-ended annual meetings of the World Bank and the International Monetary Fund (IMF). Annual Meetings Daily, a news magazine... Posted Nov 05 2007, 03:06 PM by ghanazone with | with no comments Filed under: Daily Graphic, Bank of Ghana