The Bank of Ghana has issued a Risk Management guidelines for Rural & Community Banks to ensure among other things a well-structured approach to risk management that meets the minimum standards of RCBs as well as protect them from losses. The guidelines set out the minimum standard provisions on policies and procedures that would have to be covered in the...
Some economists have advised the Bank of Ghana’s Monetary Policy Committee (MPC), which meets this week to consider its next policy move that will be announced on November 23, to maintain the policy rate at 14.5 percent given the upside risk to inflation. Inflation has declined from 11.4 percent in July to 10.1 percent in October, reaching the lowest rate since...
as enterprises are still not out of the woods yet Considering the impact of the pandemic on businesses and the financial sector, it will be prudent for banks to extend the moratorium they gave to enterprises so they can have a breathing space, Managing Director of Fidelity Bank, Julian Kingsley Opuni, has said, Businesses across all sectors of the economy have...
Ghana recorded the highest jump in both rank and score in the 2020 Absa Africa Financial Markets Index (AFMI) which is independently produced by the Official Monetary and Financial Institutions Forum (OMFIF). With an improved score of 59 points, the 2020 index ranked Ghana’s financial markets attractiveness at the 6th position compared to the 2019 edition where the country placed 13th with...
