|
|
|
| 18/11/2008 |
| Inflation Outlook and Analysis Report- October 2008 |
At the beginning of the third quarter in 2008, there was greater uncertainty about the extent to which inflation was going to rise in the midst of rising energy and food prices and the potential demand contraction and output losses associated with rising crude oil prices. This was against the background of considerable volatility of crude oil prices on the international market and also concerns on how the sub-prime mortgage crisis was going to affect the world economy. |
| |
| 18/11/2008 |
| Real Sector Developments- October 2008 |
Real sector performance was fairly strong through the third quarter of 2008. The Banks’ Composite Index of Economic Activity (CIEA) showed a relatively strong increase in quarterly and yearly terms. Data on social security payments by workers, vehicle registrations in the transport sub-sector and advertised job vacancies in the private sector also indicated an increase in the pace of economic activity. |
| |
| 18/11/2008 |
| Monetary and Financial Developments- October 2008 |
Strong near-term inflation expectations along side the Monetary Policy Committee's(MPC’s) recent policy rate decisions resulted in a significant realignment of rates on the auction market. |
| |
| 18/11/2008 |
| Governments Fiscal Operations- October 2008 |
Preliminary banking sector figures to the end of September 2008 points in the direction of considerable fiscal stimulus. While domestic revenue continued to show a good degree of buoyancy with significant donor resource flows as well as a strong boost from proceeds of sale of majority shares in Ghana Telecom, the pace of spending remained quite vigorous reflecting in part the impact of hike in crude oil prices and the temporary suspension of the automatic petroleum pricing regime as part of the government’s measures to counter excessive price volatility in the oil markets. |
| |
| 18/11/2008 |
| Financial Stability Report- October 2008 |
The latest credit conditions survey shows a general net tightening of credit conditions for enterprises, with a shift in accommodation from corporates to small and medium scale enterprises (SMEs). Evidence also continues to show that banks increased availability of credit to households but credit for house purchases tightened in the third quarter of 2008, against the background of strong demand for credit by SMEs and households. |
| |
| 18/11/2008 |
| World Economic Outlook and External Sector Developments- October 2008 |
Indications from the International Monetary Fund (IMF) show that the world economy is now set for a downturn in the fourth quarter of 2008. The report indicates that further mark-downs in growth projections are probable with intensification of recessionary pressures in the global economy. Emerging and developing economies have not decoupled from this downturn. Growth in these economies eased from 8 percent in the first three quarters of 2007 to 7½ percent in the subsequent three quarters, as domestic demand (particularly business investment) and net exports have moderated. |
| |
| 17/11/2008 |
| Bank of Ghana Press Release- Lenders and Borrowers Bill ( 2008) and Non-Bank Financial Institutions Bill (2008) |
These two bills are part of a comprehensive set of legislation and financial laws that are aimed at positioning the financial sector to promote and deliver financial services within a modern financial system infrastructure, which is built around a common electronic platform for payments and settlements on real time basis; and is a critical component of the overall growth strategy |
| |
| 31/10/2008 |
| DR PAUL A. ACQUAH WINS CENTRAL BANK GOVERNOR OF THE YEAR AWARD |
GOVERNOR OF THE BANK OF GHANA, DR PAUL ACQUAH, HAS BEEN AWARDED CENTRAL BANK GOVERNOR OF THE YEAR AT THE PRESTIGIOUS AFRICAN BANKER AWARDS 2008. |
| |
| 28/10/2008 |
| Monetary Policy Committee Press Release - October 2008 |
The generally strong performance of the economy reflected in the activities of the non financial corporate sector. Financial data released by listed companies for the period ended September 2008 point to strong turnover and profits by companies in manufacturing, distribution, and agricultural activities, driven mainly by cost control measures and efficiency in operations, and aggregate demand growth. |
| |
| 27/10/2008 |
| Commercial Banks' APRs - September 2008 |
The Bank of Ghana publishes the following financial institutions' Annual Percentage Rates (APR) for both Households and Enterprises for the month ended September 2008. The publication of the rates is to promote transparency in the pricing and provision of banking services. |
| |
| 20/10/2008 |
| RESULTS OF TENDER 088 (BOG BILLS) |
RESULTS OF TENDER 088 HELD ON 15TH OCTOBER, 2008 FOR BANK OF GHANA SECURITIES |
| |
| 06/10/2008 |
| Choice Of Monetary Policy Regime In Ghana |
The Bank of Ghana recently adopted inflation targeting as its monetary policy framework. Among the many benefits that can be derived from an inflation targeting regime is the ability for the framework to provide for a nominal anchor for monetary policy that minimizes inflation variability as well as increasing its predictability. The paper finds support for the current framework both on institutional and technical grounds and establishes that the practical aspects of implementing an inflation targeting regime in Ghana remain similar to those of other inflation targeting countries. Some differences however exist, notable among which is the publishing of forecasts to help anchor inflation expectations. |
| |
| 12/08/2008 |
| Guidelines for Branchless Banking:BOG NOTICE NO. BG/GOV/SEC/2008/21 |
The Branchless Banking guidelines are being issued as part of the broader strategy to create an enabling regulatory environment to promote branchless banking. The primary audience of these guidelines is deposit-taking financial institutions (bank and non-bank) desirous to undertake branchless banking. |
| |
| 29/07/2008 |
| Banks and Non-Bank Financial institutions APR's for Houselohds and Enterprises as at June 30 2008 |
The Bank of Ghana publishes the following financial institutions' Annual Percentage Rates (APR) and Average Interest (AI) paid on deposits for the information of financial institutions and the public. The publication of these rates is to promote transparency in the pricing and provision of banking services. |
| |
| 24/06/2008 |
| Lessons From Inflation Targeting In Developing Countries – The Case Of Ghana |
Inflation targeting has been tested as effective monetary policy framework in ensuring macroeconomic stability in a transparent manner. Ghana has achieved remarkable progress in price stability with the IT framework and this therefore supports the emerging view that low income countries with the necessary capacity can benefit immensely from the new framework. It is however important to note that the art and science of prudent monetary policy is continuously tested by price shocks that require central banks to
carefully assess optimal policy responses. |
| |
| 04/06/2008 |
| The Banking Act 2007 |
The Banking (Amendment) Act 2007, Act 738 |
| |
| 23/05/2008 |
| Statistical Bulletin February 2008 |
Economic Indicators |
| |
| 05/05/2008 |
| BANK OF GHANA PRESS RELEASE - MAY 2, 2008 |
GHANA LEADS THE WAY IN ACCESS TO FINANCIAL SERVICES THROUGH BIOMETRIC SMARTCARD |
| |
| 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 |
| |
| 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 |
| |
| 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. |
| |
| 10/03/2008 |
| The Economic Indicators |
A look at the Economic Indicators of Ghana |
| |
| 14/02/2008 |
| Bank of Ghana Raises Minimum Capital Requirements for Banks |
BANK OF GHANA PRESS RELEASE February 14, 2008 |
| |
| 28/01/2008 |
| NATIONAL PAYMENT SYSTEM REFORM(e-ZWICH) |
NOTICE TO BANKS, SAVINGS AND LOANS COMPANIES AND THE GENERAL PUBLIC |
| |
| 04/01/2008 |
| EXCHANGE OF OLD CURRENCY FOR GHANA CEDIS AND GHANA PESEWAS |
NOTICE NO.BG/GOV/SEC/2008/1 |
| |
| 02/07/2007 |
| The New GHANA CEDI BANK NOTES and COINS |
The New GHANA CEDI BANK NOTES and COINS - Issued in July 2007 |
| |
| |