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Trends in the Bank of Ghana’s high frequency real sector indicators point to a sustained pickup in economic activity. The updated real Composite Index of Economic Activity (CIEA) recorded an annual growth of 1.6% in July 2024, compared…

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has reduced its lending rate to commercial banks from 29% to 27%. It dropped the rate by 200 basis points to 27 per cent. At a news conference on September 27, the…

The Ghana cedi has depreciated by 24.3% against the US dollar on the interbank foreign exchange market as of September 2024, according to the Bank of Ghana's Summary of Economic and Financial Data. This marks an increase from the 22.9%…

The Bank of Ghana has launched the Ghana gold coin to provide more investment opportunities to Ghanaians. The gold coin, which is an initiative under its Gold Purchase Programme will be available on the market in the next two weeks.…

Arsenal scored twice in stoppage time to earn a dramatic victory over Leicester. A Wilfred Ndidi own goal in the 94th minute and a close-range Kai Havertz strike in the ninth minute of stoppage time denied a Foxes side who were within…

Ghana's debt stock has surged to GH₵761.2 billion, accounting for 75.7% of the country’s Gross Domestic Product (GDP ) as of July 2024. The debt stock has risen significantly compared to last year, increasing from GH₵587.7 billion (70.3%…

Cole Palmer became the first player to score four first-half goals in a Premier League game as Chelsea swept away Brighton to go third in the table. In a remarkably entertaining match, Palmer, 22, also hit the post and had a further goal…

The Non-Performing Loan (NPL) ratio of banks operating in Ghana was 24.3% in August 2024, up from 20.0% in August 2023. This is captured in the September 2024 Monetary Policy Committe (MPC) of the Bank of Ghana report. The increase in…

Average lending rates has fallen consistently but marginally since the beginning of the year, data from the Bank of Ghana has revealed. The average lending rate began in January 2024 at 32.94% and took a nosedive in February and March…

The Executive Director of the Africa Center for Energy Policy (ACEP), Benjamin Boakye, says the current challenges facing the power sector are a result of mismanagement. According to him, these challenges stem from long-standing issues.…