BoG raises policy rate by 100 basis points

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Dan 8 years ago

What kind of governor Koraa are we having eh? Where did he go to school? He be tiwui too much. Ah

What kind of governor Koraa are we having eh? Where did he go to school? He be tiwui too much. Ah
1 + 1 8 years ago

At 26%, Ghana's interest rate is now the highest in the world. Isn't anyone asking serious questions?

At 26%, Ghana's interest rate is now the highest in the world. Isn't anyone asking serious questions?
ed 8 years ago

WE ARE BEING RIPP OFF HERE IN GHANA BY MAFIA BANKSTERS AND THEIR ILLEGAL ACATIVITIES

WE ARE BEING RIPP OFF HERE IN GHANA BY MAFIA BANKSTERS AND THEIR ILLEGAL ACATIVITIES
James 8 years ago

It's such a bazzar world in Ghana to think that increasing interest rate would improve the economy with inflation way above 40%. He might have went to Atabaha University.

It's such a bazzar world in Ghana to think that increasing interest rate would improve the economy with inflation way above 40%. He might have went to Atabaha University.
Could BOG explain policy decision? 8 years ago

At a time when businesses are wailing for bank credit to support their operations and interest rates worldwide are at the lowest ebb, BOG sees it prudent to raise lending rate. BOG monetary policies should target the desease, ...
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At a time when businesses are wailing for bank credit to support their operations and interest rates worldwide are at the lowest ebb, BOG sees it prudent to raise lending rate. BOG monetary policies should target the desease, the weak cedi, not the symptom. Concerted and coordinated efforts with fiscal policy makers to reduce excessive government borrowing and overspending which bids up the "rent" of money or simply drives up interest rate. BOG should face the bull by the horn and explain to the government the reasos for the untenable high interest rate which is already killing businesses and reducing tax revenues. By raising the rate at which BOG loans to the banks, it is adding fuel to raging fire of anti-business interest regime.
1 + 1 8 years ago

To borrow for investment purposes under the current regime would be sheer insanity. Nobody can reasonably look to the private investor to rescue Ghana from its economic suicide.

To borrow for investment purposes under the current regime would be sheer insanity. Nobody can reasonably look to the private investor to rescue Ghana from its economic suicide.
Obenfo 8 years ago

What kind of monetary policy is this man trying to achieve? What are his objectives for such unrealistic rate hikes. Is he trying to build Ghana's economy or what are his motives?

1. Such high rate hikes increase treasury ...
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What kind of monetary policy is this man trying to achieve? What are his objectives for such unrealistic rate hikes. Is he trying to build Ghana's economy or what are his motives?

1. Such high rate hikes increase treasury interest payments - this motivates bankers to invest in treasuries at the expense of the private sector.

These misguided policies are rather derailing Ghana's economy.
Joe Turkey 8 years ago

Policy rate at 26%. And Mahama says he does not need anyone to school him. NDC just doesn't get it.

Policy rate at 26%. And Mahama says he does not need anyone to school him. NDC just doesn't get it.
Oroko 8 years ago

This disgraceful shameless pig calling himself Governor of bank of Ghana. Total disgrace, has low IQ and can't manage. I wonder what he tells his fellow Governors when they attend conferences. Your policy rate at 26 per cent. ...
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This disgraceful shameless pig calling himself Governor of bank of Ghana. Total disgrace, has low IQ and can't manage. I wonder what he tells his fellow Governors when they attend conferences. Your policy rate at 26 per cent. Very disgusting. Even a donkey can perform far better.
Asempa 8 years ago

A lot of nonsense. God help Ghana.

A lot of nonsense. God help Ghana.
JOJO 8 years ago

u r right 100%

u r right 100%
JOJO 8 years ago

they will get paid or stay in office regardless how the economy perform, so they don't think,

they will get paid or stay in office regardless how the economy perform, so they don't think,
SIMON 8 years ago

NDC GOVERNMENT DID PROMISED RATE AT BELOW 10% SO WHY 26%. CURRENTLY INFLATION IS OUT OF LINE AND PRIME RATE OUT OF LINE SIMPLY BECAUSE IMPORT EVERYTHING INCLUDING TOOTHPICKS AND CONTINUE TO EXPORT RAW MATERIALS. EVEN GHANA BR ...
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NDC GOVERNMENT DID PROMISED RATE AT BELOW 10% SO WHY 26%. CURRENTLY INFLATION IS OUT OF LINE AND PRIME RATE OUT OF LINE SIMPLY BECAUSE IMPORT EVERYTHING INCLUDING TOOTHPICKS AND CONTINUE TO EXPORT RAW MATERIALS. EVEN GHANA BRANDING IS A LAUGHING STOCK IF YOU SEE SOME OF THE LABELS AND PRODUCT LEVELS IN SOME OF THESE BOTTLES
sam 8 years ago

BOG IS DESTROYING OUR ECONOMY BY THEIR STUPID POLICES IS UNBELIVEBLE.
BOG WOULD ALSO BE WISE AND ADUIT THE FRUDSTERS BANKSTERS OF PRUDENTIAL BANK GHANA TO FIND OUT WHY THEY ARE PLACING ILLEGAL MORTAGE LIENS ON EAST LAGOO ...
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BOG IS DESTROYING OUR ECONOMY BY THEIR STUPID POLICES IS UNBELIVEBLE.
BOG WOULD ALSO BE WISE AND ADUIT THE FRUDSTERS BANKSTERS OF PRUDENTIAL BANK GHANA TO FIND OUT WHY THEY ARE PLACING ILLEGAL MORTAGE LIENS ON EAST LAGOON HOMES, WITHOUT HOMEOWNERS KNOWLEDGE AND/ OR CONSENT AND WITHOUT GIVING THEM ANY MONEY.AND THEN GO AND ILLEGALLY RECORD THE LIEN ON GHANA LAND DEPT DATA BASE
raid al qa 8 years ago

GET READY FOR BANK LOANS TO GO UP NOW

GET READY FOR BANK LOANS TO GO UP NOW
uncle boo 8 years ago

This is an advise from the government.You know the government is competing with private firms to access loans from the banks, whilst the government issue bonds which the banks are comfatable with,the govrernment is at the sam ...
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This is an advise from the government.You know the government is competing with private firms to access loans from the banks, whilst the government issue bonds which the banks are comfatable with,the govrernment is at the same time asking the banks to increase their interest through BANK OF GHANA by raising the policy rate to discourage those who want to borrow from the banks and that will also reduce pleasuer on the banks to enable them to feed the government bonds all the time.NDC GOVERNMENT IS CLIPPING BUISNESSIS AND THE ENTIRE ECONOMY,LET US COME TOGETHER AND KICK THEM OUT COME 2016. THANK YOU.
Sir Truth 8 years ago

Haha, nobody can kick NDC out of power. We've bought the EC, the Judges, the Kings, the and we will buy all the electoral officers in 2016. Even if it pays to sell the country or the people in it to retain power, we will do i ...
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Haha, nobody can kick NDC out of power. We've bought the EC, the Judges, the Kings, the and we will buy all the electoral officers in 2016. Even if it pays to sell the country or the people in it to retain power, we will do it. NPP supporters will continue to be hungry until they worship us. You think we are joking.

BoG raises policy rate by 100 basis points

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