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The central bank’s fast pace of monetary policy easing is expected to slow down this year on the account of high inflationary pressures, Groupe Ndoum (GN) Research has forecasted. The Monetary Policy Committee (MPC) of the Bank of Ghana last year reduced the policy rate by a cumulative 550 basis points with the…
Ghana's vision of becoming a world class financial hub in the sub region will soon become a reality as Hon. Ken Ofori-Atta leads a Government Delegation on a study tour of the financial sector of Hong Kong and Singapore from Friday, February 9 to Wednesday, February 14, 2018.The delegation will also undertake a…

Inflation drops to 10.3% from 11.8%

Latest data from the Ghana statistical Service has revealed that inflation has dropped from 11.8 percent to 10.3 percent for the month of January.This represents a significant drop considering the fact that inflation increased to 11.8 percent in December.The monthly change rate in January 2018 was 1.4 percent compared with the 1.0 recorded…
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has appointed Mrs Elsie Awadzi as the 2nd Deputy Governor of the Bank of Ghana. The appointment is, however, subject to consultation with the Council of State. Mrs Awadzi is an international economic and financial lawyer with a total of 21 years of professional…