Monetary-policy-report

Banking sector recovering from Post-DDEP, but asset quality remains a concern – Monetary Policy Report

Inflation to decline between 13-17% by December 2024 – BoG

BoG projects further easing in overall stance on corporate loans

Credit risk remains elevated, slows down new lending by banks – BoG

Investments constituted largest component of total assets of banks as of October 2023; hit ¢103.7bn – BoG

T-bills now constitute banks largest investment portfolio; increase to 51% from 17.8% – BoG

Government interest payments, capital expenditure fall but compensation up 6.4% in quarter 1, 2023

Banks’ capital adequacy ratio falls due to investment losses – BoG

Shareholders’ funds of banks hit ¢26.5bn in October 2022; growth slows down

Consumer spending grows strongly in quarter 3, 2022; manufacturing activities also improve – BoG

Cedi loses 37.5% in value to dollar as of September 30, 2022 – BoG

Banks profit-before-tax grows 25.2% to ¢6.1bn

BoG forecasts supply deficit for cocoa market in 2021/22 crop season

Credit to private sector recovers to pre-pandemic levels; total advances hit ¢24.6bn

Interest payments hit ¢10.6bn in quarter 1; domestic interest payments constitute 82.7% – BoG

Real sector economy to recover to its potential soon – BoG

Number of advertised jobs decreased marginally to 2,777 in April 2022 – BoG

Real sector economy records improvement in performance in January 2022 – BoG

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