The Monetary Policy Committee of the Bank of Ghana has kept the policy rate at 14.5 per cent. At its meeting on Monday, 23 November 2020, the Governor of the Bank of Ghana, Dr Ernest Addison said the Committee noted that global GDP growth rebounded in the third quarter of 2020 after the “sharp fall in the second quarter, but...
Chief Executive Officer of FBNBank Ghana, Victor Yaw Asante, says banks must reshape their products and services by providing a consolidated offering to meet shifting customer expectations. He believes the shift in customer preferences will drive their demand for seamless banking transactions across different channels; instant payment on all transactions that are reliable and secure without any delay or interruptions;...
Head of the Economics Division at the Institute of Statistical, Social and Economic Research (ISSER), University of Ghana, Professor Peter Quartey says defunct banks that collapsed as a result of the banking sector clean up had ample time to make things right. He made the comments on the Super Morning Show during a discussion on the country’s increased debt stock. In...
The Governor of the Bank of Ghana, Dr Ernest Addison, has said the banking sector of the Ghanaian economy remains financially strong. He said the banking sector remains liquid, profitable and well-capitalized with strong buffers to withstand adverse shocks and support the country’s recovery efforts from the pandemic. Speaking at the Monetary Poly Committee press conference in Accra, Dr Addison said asset quality...
