Tag: BoG News
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Bank of Ghana Reduced its Monetary Policy Rate From 21.5% to 18%
Bank of Ghana Reduced its Monetary Policy Rate From 21.5% to 18%. The Bank of Ghana has reduced its Monetary Policy Rate by 350 basis points (21.5%) to 18 percent. This marks one of the steepest policy easing decisions in recent years. The Central Bank cut the rate over sustained progress in taming inflation, a…
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BoG Governor tells banks to enhance credit administration to address the increasing non-performing loan ratio.
BoG Governor tells banks to enhance credit administration to address the increasing non-performing loan ratio. As part of efforts to address the rising non-performing loan (NPL) ratios, the Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has urged commercial banks to strengthen their credit administration systems. Dr. Asiama noted that soon, banks will…
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