Central Bank of Ghana Archives

MONETARY POLICY COMMITTEE MEETS TO REVIEW GHANA’S ECONOMY

Posted on January 22, 2018 by Gambeta News

Quarterly meeting held by Ghana’s Central Bank’s Committee on Monetary Policies to review the country’s economy. Bank of Ghana committee on monetary policies met on the 19th of January 2018 for its quarterly meetings to review Ghana’s economy. The meeting which is the first for this year will be concluded today 22nd January 2018, with the committee releasing the policy rate for the year. The Central Bank in 2017 alone reduced the policy rate by…

IDTC CONSTRUCTION COMPLETED IN GHANA

Posted on December 12, 2017 by Gambeta News

Infectious Disease Treatment Centre (IDTC) constructed in Tamale, Ghana to help the country attain her Millennium Development Goals which was requested by WHO after Ebola outbreak. The hospital which is an Infectious Disease Treatment Centre (IDTC) is expected to increase the nation’s emergency preparedness and response to outbreaks of contagious diseases. The hospital which is located in Tamale, Ghana is worth US $333,000 and was funded by the Korean government under the auspices of the…

100 BASIS POINT CUT FOR BANK OF GHANA POLICY RATE

Posted on November 27, 2017 by Gambeta News

Central Bank of Ghana reduces policy rate from 25.5 to 20 percent After a meeting of Monetary Policy Committee of the Bank of Ghana, the Central Bank have cut its benchmark interest rate by 100 basis points to 20 percent. The policy rate which is the prime rate, at which the central bank lends to commercial banks, was previously at 25.5 percent. The Governor of the bank, Ernest Addison said the reduction was due to a drop in consumer…