Ghana’s banks need central bank support to survive amid domestic restructuring of government debt, economists say.
Nigeria and Ghana are set to adopt a central bank digital currencies, after Central banks in both countries partnered with foreign financial tech companies to create digital versions of their currencies. The Bank of Ghana is partnering with German firm Giesecke+Devrient (G+D) to pilot the e-Ced...
financial costs derived from the sterilization operation of central bank bills.With the consideration of exchange rates,as a whole,sterilization operation makes losses,but the losses are limited,so we can not challenge the sustainability of sterilization operation of central bank bills from the cost ...
The Bank of Ghana lowered its main policy rate by 200 basis points in March and another 100 basis points in May, bringing the rate down to 17%. At the same time, the bank kept the policy rate stable in real terms by lowering it in line with a slowdown in inflation. Addison, former...
Bank of Ghana, the central bank, forecast the country's economic growth to slow to five percent this year, or even decelerate to 2.5 percent in a worst-case scenario, due to the negative impact of COVID-19 on crude oil export earnings and domestic production. ...
Further, we test the extent to which foreign direct investment, trade openness, and exchange rate volatility moderate the effect of central bank credibility on economic growth and output volatility in Ghana and South Africa. Using the GMM estimation technique, we find robust evidence that weakened ...
Central banks of low inflation countries (with floating exchange rates, including the US) provide liquidity facilities to dealers. The use of central bank standing facilities should only be used to clear transactions on a single day and are not expected to be used for days or weeks on ...
(Above 500%) had ravaged their economies. Part of these reforms restricted central bank financing of public expenditure as the facility had been previously abused for short term political gain by successive governments. Central banks also migrated from exchange rate pegs that caused foreign currency ...
(Fig.1). Situated on the bank of the river Tel, it borders the State of Odisha in the east. With a population of about 1200 people, it has nearly equal male–female sex ratio and literacy rate of 50.51%. The village has a Gram Panchayat (village council). The region is endowed ...
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