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| 05/05/2008 |
| AUCTION RESULTS - TENDER 1065 |
AUCTION OF GOVERNMENT OF GHANA TREASURY BILLS, NOTES, AND BONDS |
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| 05/05/2008 |
| BANK OF GHANA PRESS RELEASE - MAY 2, 2008 |
GHANA LEADS THE WAY IN ACCESS TO FINANCIAL SERVICES THROUGH BIOMETRIC SMARTCARD |
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| 30/04/2008 |
| Inflation Outlook and Analysis- March 2008 |
For the fifth consecutive month, headline inflation went up from 12.8 percent in January 2008 to 13.2 percent in February 2008. Price increases during the first two months of the year were driven by surges in food prices and the pass through to domestic prices of rising crude oil prices. |
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| 29/04/2008 |
| Financial Stability Report- March 2008 |
The overall outlook of the banking system is considered satisfactory in the short to medium
term. Most of the financial soundness indicators of the banking industry show significant
improvement over the industry threshold levels. The banking system continues to remain
profitable and generally solid. |
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| 29/04/2008 |
| Monetary and Financial Developments - March 2008 |
As per cent of GDP and in real terms, commercial banks’ credit to the private sector has remained robust, especially, following the abolition of secondary reserve requirements for the banks. Private Sector Credit rose to 21.1 per cent of GDP in February 2008 up from 15.5 per cent in February 2007. Annual growth of inflation-adjusted credit was 40.2 per
cent in February 2008 up from 38.5 per cent in February 2007 and 17.8 per cent in July 2006 when secondary reserve requirements were abolished. |
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| 29/04/2008 |
| Government's Fiscal Operations- March 2008 |
Preliminary data from banking sector sources on the execution of the 2008 budget for January and February of 2008 indicates a narrow fiscal deficit of GH˘ 294.4 million (1.8 percent of GDP). This compares with a narrow fiscal deficit of GH ˘27.3 million (0.2 percent of GDP) for the corresponding period in 2007. For the review period growth in total expenditure outpaced that of total revenue and grants resulting in a higher domestic borrowing of GH˘396.4 million (2.4 percent of GDP). |
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| 29/04/2008 |
| World External Outlook and External Sector Developments- March 2008 |
Crude prices have been pushed higher in the first two months of the year on geopolitical factors (rhetoric from Iran, Turkish military activity in Northern Iraq, Venezuelan export threats and continued supply problems in Nigeria), a weaker USD, and suggestions that OPEC might agree to cut output at its March meeting. The average weekly price per barrel of the benchmark Brent crude closed February 2008 at $100.30. For the month of February alone, the benchmark price climbed up 10.4 percent. The end-February price represented a firming of 6.9 percent from the end-2007 level and an increase of 63.5 percent in year-on-year terms. |
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| 28/04/2008 |
| AUCTION RESULTS - TENDER 1064 |
AUCTION RESULTS FOR TENDER 1064 |
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| 23/04/2008 |
| 3-YEAR GOG BOND ISSUE |
PROSPECTUS FOR ISSUE OF 3-YEAR GOG BOND |
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| 09/04/2008 |
| Annual Percentage Rates (APR) charged on Loans & Advances and Average Interest (AI) paid on Deposits as at 29th February 2008 |
The Bank of Ghana publishes the following financial institutions' Annual Percentage Rates (APR) charged on Loans & Advances and Average Interest (AI) paid on deposits for the information of financial institutions and the public. The publication of the rates is to promote transparency in the pricing and provision of banking services. |
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| 26/03/2008 |
| Monetary Policy Committee Press Release- March 2008 |
Looking ahead, the potential risks to the outlook for inflation and real economic activity are concerned with uncertainties about oil prices, and food inflation, and the extent of build-up or unwinding of domestic demand pressures. The balance of risks is on the upside; and this makes it necessary that monetary policy stance continues to be tuned to ensure that expectations remain anchored to stability and consistent with a process of disinflation to secure the environment for steady expansion of output. |
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| 26/03/2008 |
| GRAND OPENING BANQUE SAHELO-SAHARIENNE POUR L’INVESTISSEMENT ET LE COMMERCE (BSIC) GHANA LTD |
ADDRESS BY DR. PAUL A. ACQUAH, GOVERNOR, BANK OF GHANA
ACCRA, MARCH 25, 2008 |
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| 10/03/2008 |
| A FRAMEWORK FOR THE MANAGEMENT OF OIL RESOURCES IN GHANA – ISSUES AND PROPOSALS |
Ghana has recently discovered oil in commercial quantities as announced by Kosmos Energy, Anadarko Petroleum, and Tullow Ghana Limited – a consortium engaged in oil exploration west of Cape Three Points near Axim |
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| 10/03/2008 |
| FISCAL RULES AND FISCAL DISCIPLINE – WHAT CAN GHANA LEARN FROM COUNTRY EXPERIENCES? |
Over the past six years, Ghana’s economy has been anchored on prudent fiscal and monetary policy frameworks. This has contributed significantly to macroeconomic stability with steady growth. |
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| 10/03/2008 |
| The Economic Indicators |
A look at the Economic Indicators of Ghana |
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| 07/03/2008 |
| The e-zwich Smartcard: Frequently Asked Questions [Merchants] |
All you need to know about e-zwich smartcard for Merchants |
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| 07/03/2008 |
| The e-zwich Smartcard: Frequently Asked Questions [Individuals] |
All you need to know about the e-zwich smartcard for Individuals |
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| 19/02/2008 |
| BANK OF GHANA/GHANA CEDI RE-DENOMINATION WEBSITES WIN FIRST EVER UN ICT AWARD FOR GHANA |
The Bank of Ghana and the Ghana Cedi Re-denomination websites have jointly won the 2007 World Summit Awards Special Mention from the Continent of Africa for the best in e-content and creativity in the e-Government category. This is the first time that Ghana has participated in the competition since the WSA started in 2003 as an initiative from Austria in the framework of the United Nations’ World Summit on the Information Society (WSIS). |
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| 15/02/2008 |
| ADDRESS BY DR. PAUL A. ACQUAH, GOVERNOR, BANK OF GHANA ACCRA, FEBRUARY 11, 2008 |
OFFICIAL OPENING OF BANK OF BARODA (GHANA) LTD ACCRA |
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| 14/02/2008 |
| Bank of Ghana Raises Minimum Capital Requirements for Banks |
BANK OF GHANA PRESS RELEASE February 14, 2008 |
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| 13/02/2008 |
| MINIMUM CAPITAL REQUIREMENTS OF BANKS |
NOTICE TO ALL BANKS:NOTICE NO.BG/GOV/SEC/2008/3 |
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| 28/01/2008 |
| NATIONAL PAYMENT SYSTEM REFORM(e-ZWICH) |
NOTICE TO BANKS, SAVINGS AND LOANS COMPANIES AND THE GENERAL PUBLIC |
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| 15/01/2008 |
| Governors Speech at Bank of Mauritius |
The Fund does and can continue to play a powerful role in providing analytical framework and a forum for policy coordination, and advice to member countries and the international community on global financial issues. It has adapted to the times. The entrenched issue of voting rights, voice and representation certainly has to be resolved to strengthen its power and credibility to secure its place as a cooperative multilateral institution in the international financial architecture. |
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| 07/01/2008 |
| CENTRAL BANKER OF THE YEAR - AFRICA |
The Banker Salutes The World's Top Central Bank Governors Who Have Shown Unflinching Leadership During The Credit Crunch, Helped Rejuvenate Their Country's Economies And Succeeded In Opening Up Once Opaque Financial Structures And Awards Dr. Paul A. Acquah as the Central Banker of the Year for Africa |
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| 04/01/2008 |
| EXCHANGE OF OLD CURRENCY FOR GHANA CEDIS AND GHANA PESEWAS |
NOTICE NO.BG/GOV/SEC/2008/1 |
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| 02/01/2008 |
| BANK OF GHANA NOTICE TO BANKS AND THE GENERAL PUBLIC |
RE-DENOMINATION OF THE CEDI |
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| 16/11/2007 |
| Government Fiscal Budget Statement for the year 2008 |
Government will continue to pursue pragmatic policies and good governance to propel the nation to the level of a middle income economy within the next decade. This will require higher productivity in all sectors of the economy to increase the current growth rate from 6.4 percent to between 8 -10 percent and even higher within the next three years. Critical infrastructural bottlenecks are being addressed to attract more investments for the acceleration of economic growth. |
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| 06/11/2007 |
| DEPOSIT TAKING NBFI BUSINESS RULES |
Financial Institutions [Non-Banking] Law, 1993 [PNDCL.328] specifies in the Schedule thereto, nine types of financial activity or business by engaging in which a corporate is considered a [non-bank] financial institution falling under
the ambit of its regulation. |
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| 05/11/2007 |
| GOVERNOR OF THE BANK OF GHANA HONOURED |
AFRICAN ECONOMY MAGAZINE HONOURS GOVERNOR OF THE BANK OF GHANA, DR. PAUL A. ACQUAH, WITH THE AWARD OF THE 2007 AFRICAN CENTRAL BANK GOVERNOR OF THE YEAR |
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| 02/11/2007 |
| Licensing requirements for Credit Reporting Bureau |
By authority vested in the Bank of Ghana (BOG) under section 1 of the Credit Reporting Act, 2007 (Act 726), the following guidelines are hereby issued for the licensing of credit reference bureaux in Ghana |
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| 16/10/2007 |
| Bank of Ghana Proposes to Review Minimum Capital Requirements for Banks and Non-Bank Financial Institutions (NBFI's) |
The Bank of Ghana has proposed a review of the minimum requirements of banks and non-bank financial institutions: (A) Banks minimum paid up capital is to increase from GH˘7.0 million to between GH˘50-60 million; and (B) Minimum capital requirements for deposit taking non bank financial institutions (NBFIs) and finance houses would increase and from GH˘1.0 million (and GH˘1.5 million) to between GH˘5-8 million. |
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| 11/05/2007 |
| GHANA INTERBANK PAYMENT AND SETTLEMENT SYSTEM (GIPSS) |
BANK OF GHANA AND BANKS SET UP GHANA INTERBANK PAYMENT AND SETTLEMENT SYSTEM (GIPSS) |
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| 02/01/2007 |
| Quarterly Economic Bulletin July - September 2007 |
In the third quarter of 2007, the Ghanaian economy maintained steady growth and exhibited strong resilience to challenges posed by energy supply interruptions, load shedding and rising crude oil prices on the international markets |
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| 03/07/2006 |
| The New GHANA CEDI BANK NOTES and COINS |
The New GHANA CEDI BANK NOTES and COINS - Issued in July 2007 |
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