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Loan defaulters risk five-year ban from accessing credit and names published in national dailies as part of new Non-Performing Loans directives from Bank of Ghana

News from the world of business.

News from the world of business.

First Deputy Governor of the Bank of Ghana, Dr Zakari Mumuni, says the Central Bank’s Gold Purchase Programme has been instrumental in stabilising the cedi and easing inflation in recent months.

The Ghana Statistical Service is set to roll out a new module for calculating inflation as it works to reveal the basket of goods.

Inflation for November has gone up marginally to 23% from the October figure of 22.1%. The adjustment was influenced by rising prices of some food stuff on the market over the past month.

The International Monetary Fund (IMF) Board has passed Ghana on the third programme review and approved disbursement of some US$360 million to Ghana.

The Bank of Ghana has assured that the cedi’s recent rebound should continue with the dissipation of election-related uncertainties and the improved foreign exchange buffers accumulated by the central bank.

Industries and traders have ruled out reducing the prices of goods despite the recent improvement in the cedi's performance against the dollar.

Some financial sector stakeholders doubt the Bank of Ghana's gold coin initiative's ability to fully mop excess liquidity.