Tag: bank of Ghana
Ghana’s external accounts have exhibited immunity to the COVID-19 pandemic strains, but its domestic conditions have weakened. That’s according to Databank Group. This comes as the Bank of Ghana disclosed that it’s Composite Index of Economic Activity contracted by 10.6 per cent in May. The Index had fallen to a negative growth of 2.2 per cent in March for the first time since 2016. Joining CNBC Africa explore the peculiarities of Ghana’s macro-economy as it moves to cushion the impact of the COVID-19 is Courage Kingsley Martey, Senior Economist at DataBank Group.
Ghana’s President Nana Akufo-Addo says the country has reached an agreement with the Bank of Ghana and other commercial banks in the country to raise three billion cedis to support specific industries affected by the COVID-19 pandemic. John Gatsi, Dean of the School of Business at the University of Cape Coast joins CNBC Africa to assess the palliatives rolled by the Ghanaian government so far.
Moody’s Investors Service say they expect the recent measures by the Bank of Ghana to help mitigate the negative effects of the coronavirus on banks’ asset quality and liquidity. Vice President and Banking Analyst at Moody’s, Christos Theofilou joins CNBC Africa for more.
The Bank of Ghana's Monetary Policy Committee kept its Monetary Policy Rate unchanged at 16 per cent at its September meeting. To discuss the implications for Ghana's economy going forward, Collins Appiah, Economic Advisor at Services and Integrity Savings and Loans joins CNBC Africa for more.
The Bank of Ghana's Monetary Policy Committee maintained its policy rate at 16 per cent, while Nigeria's Monetary Policy Committee will begin their 2-day meeting today. Kayode Akindele, Partner at TIA Capital joins CNBC Africa for more
Ghana's finance minister is scheduled to present the country's mid-year review and the supplementary budget to parliament, while the Monetary Policy Committee (MPC) of the Bank of Ghana is expected to announce its decision soon. Collins Appiah, Economic Advisor at Services Integrity Savings and Loans joins CNBC Africa for more