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The research arm of Fitch rating agency, Fitch Solutions has indicated that the Ghana Cedis is recording modest gains against the dollar in the coming months. It is on record that the Ghana currency came under severe pressure in the first three months of 2022. This however makes the Cedi…
/PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) announced financial results for the three-month period ended March 31, 2022. Net income for the...
Banking consultant Nana Otuo Acheampong is confident that the reversal of the COVID-19 era reliefs given to Universal Banks, will help in mopping up
Ghana’s central bank has announced its largest-ever interest rate hike to halt the country’s spiralling inflation fed by global tensions in Europe. This is according to a news release from the Bank of Ghana’s Monetary Policy Committee.
The Monetary Policy Committee of the Bank of Ghana has raised its benchmark rate by 250 basis points to 17 per cent, citing inflationary pressures. In addition to the upward policy rate adjustment, the BoG will, effective April 1, 2022, increase the Cash Reserve Ratio to 12 percent and reset…