Prime News Ghana

Today's Ghana Business, Banking and Economic news

Gov't writes off half of GH¢77 billion owed to Bank of Ghana

Ghana’s government has written off half of the 77.6 billion cedis ($7 billion) it owed to the central bank and replaced the remainder with a lower yielding, 15-year bond, three sources with direct knowledge of the transaction told Reuters.

BoG reiterates commitment to flexible FX regime

The Bank of Ghana (BoG) remains committed to maintaining a managed floating exchange rate regime with minimal interventions by the central bank, its Governor Dr. Ernest Addison has said – noting that it represents the most ideal framework for the domestic economy’s growth and stability needs at this stage of its development.