Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said that recent economic indicators show a steady turnaround. First, he said, the impact of the pandemic pushed inflation outside the medium-term target band to 11.4 percent in July 2020. Since then, inflation has fallen steadily and stayed around the central path of the target band of 8 percent. More recently,...
The Chartered Institute of Marketing, Ghana (CIMG), has released its maiden Customer Satisfaction Index (CSI) report, with 11 banks being rated 5-star for their service quality. Out of the 11 banks, only three of them were local banks. Ten other banks also earned 4-star status. With service quality as the main tool used for establishing the CIMG-CSI, the accepted cut-off point...
Stanbic Bank maintained its position as the bank with the biggest investments on the Ghana Stock Exchange Fixed Income Market in the month of October 2021, despite its controlling stake reducing by almost 2% to 20.66%. Though it traded more volumes than Standard Chartered Bank, GCB Bank kept its 3rd position with a share of 11.86%, whilst Standard Chartered Bank...
The Bank of Ghana says inflation will remain within the medium-term target band (8%+\-2), barring any unforeseen shocks. This is coming after the World Bank projected that Ghana’s inflation rate will end this year at 9.8% and gradually decrease to 6.8% in 2023. However, the rate of inflation for September 2021 surged to 10.6%, as a result of increase in the...
