Statistics & Publication
Friday, 18 August 2017 00:00

The historical roles of central banks in most developing countries, including Ghana, have been shaped by development strategies adopted over the period. Bank of Ghana is no exception and the Bank’s policies and activities have been shaped by changing political and economic conditions over the years.

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Closing Remarks delivered by Mr. Millison Narh, First Deputy Governor, at the 2017 Continental Seminar of AACB
Wednesday, 10 May 2017 00:00

That effective central bank communication requires a consciously designed strategy in line core mandates, the adoption of the most suited medium, and with specific target audience in mind. pdf-logo Download full speech in PDF

Speech by Dr. Johnson P. Asiama, 2nd Deputy Governor at the 10th Ball of Fidelity Bank Ghana Ltd
Tuesday, 09 May 2017 00:00

The Bank of Ghana is also working to enhance the credit infrastructure further. We have been working in consultation with the Ghana Association of Bankers, to review the existing Base Rate model. As you will recall, the idea behind the model was to bring transparency to base rate setting and hence lending rates in the economy; and also to promote uniformity in the definition of determinants of the Base Rate in the industry generally. The Committee has completed its work, and hence a draft notice would be issued soon for implementation.

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Opening Address delivered by Dr. Johnson P. Asiama, 2nd Deputy Governor at the 2017 Continental Seminar of AACB
Tuesday, 09 May 2017 00:00

Mr. Chairman, with paradigm shifts on monetary policy making in the global economy, it became clear that the direct instruments were not only devoid of market or price signals but also distortionary in the allocation of resources. The prevalence of state-owned banks in Africa at the time further perpetuated such distortions as political directives informed the allocation of financial resources to the economy. Thus, there was the need to move away from the direct control to market-based regimes introduced in the late 1980s under the structural adjustments and financial sector liberalization policies pioneered by the IMF and World Bank. 

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