The Ghana Stock Exchange recorded its highest monthly trading value so far this year, as value of shares traded hit GH¢72 million cedis in May 2021. This represented a month-on-month increase of 134%. The month of May 2021 also recorded its second highest monthly volume of trading of 58.9 million shares changing hands. The volume and value traded represented an increase of...
Government is being urged to collaborate with the rural and community banks for a successful implementation of the new Development Bank of Ghana. That’s according to Dr Tony Aubynn, the Board Chairman of the ARB Apex Bank which the mini-central bank for the rural and community banks. Government this month signed €170 million agreement with the European Investment bank to establish...
Accra, June 5, GNA -The African Development Bank Group and the Securities and Exchange Commission (SEC) have signed a $400,000 grant agreement to develop a risk-based supervisory solution for the Ghana capital market. The grant, from the African Development Bank’s Capital Markets Development Trust Fund, will finance the provision of technical assistance and capacity building for the SEC,...
Governor of the central bank, Dr. Ernest Addison, has provided assurance to all stakeholders that his outfit will not sit down for the new Development Bank Ghana – which is set to be operational next month – to suffer the same ill-fate as previous ones did; saying this time, things will be different. Concerns have been expressed by the public...
…as BoG cuts key interest rate to support economic rebound Lending rates demanded by commercial banks in Ghana will begin to be cut this week in response to the Bank of Ghana’s announcement, a week ago, of a 100 basis points cut in its key Monetary Policy Rate, bringing it down to 13.5 percent in a move that many had...
More consumers are ditching the use of cheque for banking transactions as mobile money transactions far outstripped that of cheque transactions by GH¢232 billion in the first four months of this year, data from the Bank of Ghana has stated. If the trend continues, the total value of mobile money transactions will surpass cheque transactions by far more than the...
