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Ghana’s banking sector strong but credit growth remains subdued – BoG Governor
Businessmyjoyonline1mo ago

Ghana’s banking sector strong but credit growth remains subdued – BoG Governor

The Governor of the Bank of Ghana, Dr Johnson Asiama, has described Ghana’s banking sector as sound, profitable, and well-capitalized, even as credit growth to households and businesses remains subdued. Speaking at the opening of the 129th Monetary Policy Committee (MPC) meeting, Dr Asiama highlighted that the banking sector’s health is crucial for the effectiveness […]

Breaking: CBN eases MPR by 50 basis points to 26.5%
FinancePremium Timesvanguard-ng2mo ago2 sources

Breaking: CBN eases MPR by 50 basis points to 26.5%

CBN Governor Olayemi Cardoso announced this on Tuesday after the meeting of the CBN's Monetary Policy Committee. The post Breaking: CBN eases MPR by 50 basis points to 26.5% appeared first on Vanguard

RBI Maintains Repo Rate, Governor Explains Policy Decision
FinanceTimes of India26d ago

RBI Maintains Repo Rate, Governor Explains Policy Decision

The Reserve Bank of India's Monetary Policy Committee kept the repo rate unchanged, with Governor Malhotra explaining that high-frequency indicators suggest strong momentum in economic activity, supported by robust private consumption and investment demand.

Ghana's MPC Votes for Policy Rate Cut Amid Middle East Concerns
Worldnaftemporikimyjoyonline1mo ago2 sources

Ghana's MPC Votes for Policy Rate Cut Amid Middle East Concerns

Four members of Ghana's Monetary Policy Committee voted for a 150bps cut in the policy rate to 14%, with the majority expressing concern over the Middle East developments and their impact on the economy, particularly inflation.

Businesses are benefiting from cheaper credit – BoG Governor
Businessmyjoyonline1mo ago

Businesses are benefiting from cheaper credit – BoG Governor

The Governor of the Bank of Ghana, Dr Johnson Asiama has stated that businesses are benefiting from low interest rates due to the bank’s monetary policy tools. He made this statement after the Monetary Policy Committee of the Bank of Ghana announced a policy cut by 150 basis points to 14 percent. This also comes […]