Browsing: Bank of Ghana
The Ghana Reference Rate, which serves effectively as the base lending rate for all commercial banks – being computed by them in collaboration with the BoG – has been a little higher at 29.72% in January and 29.96% in February.
As at last week, the local currency traded averagely at a rate of GH¢15.53 to the US dollar on the interbank market. However, in January and February 2025, the local currency lost 5.3% and 3.9% in value respectively to the US dollar.
Finance Minister Dr Cassiel Ato Forson has assured Parliament that the government is implementing measures to stabilize the Ghanaian Cedi…
The Bank of Ghana and the National Bank of Rwanda have signed a Memorandum of Understanding (MoU) to introduce a…
Governor of the Bank of Ghana, Dr Johnson Asiama has extended his gratitude to His Excellency, the President and…
He tasked them to go beyond mere technical considerations and act in full recognition that every statistic, every movement on a chart, and every shift in an index is more than just data, but, it is also indeed the pulse of an economy, a measure of resilience or distress.
Dean of the University of Professional Studies, Accra (UPSA) Law School, Professor Ernest Kofi Abotsi has stated that the new…
The Bank of Ghana’s Gold for Oil Policy and Domestic Gold Purchasing Programme contributed significantly to this through the strategic accumulation of gold.
But the main driver of the improved overall merchandise trade performance was the substantial 21.1% increase in Ghana’s exports last year to US$20,221.0 million, up from US$16,703 million in 2023. However this increase was entirely fuelled by a 53.2 % increase in gold exports from US$7,600.8 million in 2023 to US$11,641 million in 2024.
Dr Johnson Asiamah who previously served as a Second Deputy Governor of the Bank of Ghana between 2016 and 2017, holds a PhD in Economics from the University of Southampton, UK and has extensive experience in monetary policy formulation, financial stability regulation and economic research having worked at the central bank for over 23 years.