While some economists and researchers support the austerity stance implemented by the South African Reserve Bank to contain inflation over the past year, others argue it is the increase in interest rates that has contributed to the country’s low growth.
(Bloomberg) Policymakers at the Bank of Ghana on Monday are expected to keep interest rates unchanged to tame inflationary pressures stemming from a slide in the cedi.Most Read from BloombergUS Homebuyers Expecting $10,000 Savings Face Tough RealityHarassment and Drugs Plagued a Citigroup Division for YearsFed’s Powell Ready to Support Job Market, Even If It Means Lingering InflationGucci’s China Shock Reverberates Across the Luxury LandscapeThe cedi has lost about 5% of its value against the
RightCard Payment Services Limited (LemFi) is proud to announce that it has obtained approval from the Bank of Ghana (BoG) to resume its remittance services to Ghana with some of its approved partners. This is consistent with RightCard’s (LemFi) commitment to providing secure and efficient services while complying with the set regulatory framework by the Bank of Ghana.
It was interesting to hear Bank of Ghana (BOG) officials pat themselves on the back because year-on-year inflation had dropped to 26.4% in November 2023, from 35.2% in October 2023 and 54.1% in December 2022.
ACCRA, Ghana, December 18, 2023 EMTECH, a Modern Central Banking Infrastructure company, has successfully delivered a 12-week CBDC Hackathon as a strategic pilot for the Bank of Ghana. This is the company's latest technical partnership with Bank of Ghana, following the deployment of its Digital Regulatory Sandbox.