BoG’s Policy Rate goes up by 100 basis points

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• BASE POINT 11 years ago

  The economy is in free fall and hurtling down into the abyss at the speed of light under the Mahama led NDC gov't.
  It's utterly messed up, completely kaput. How can this be happening? It's mindboggling.

  The economy is in free fall and hurtling down into the abyss at the speed of light under the Mahama led NDC gov't.
  It's utterly messed up, completely kaput. How can this be happening? It's mindboggling.

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• The Mask 11 years ago

  The Bank of Ghana (BOG) has no Eastern Regional headoffice. The BOG must ask for land from the King of Akyem (Okyehene) to construct this building. I don´t believe that the BOG has accurate data of the economic activity in t ...
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  The Bank of Ghana (BOG) has no Eastern Regional headoffice. The BOG must ask for land from the King of Akyem (Okyehene) to construct this building. I don´t believe that the BOG has accurate data of the economic activity in the at least 12 Akyem districts which make up more than half the population on the region. The GDP and GNI of these Akyem districts are very high. They stem from:
  
  Gold mining
  Diamond mining
  Cocoa
  Oil Palm (the largest in West Africa)
  Timber
  Software development
  etc
  
  The money supply and capital in the at least 12 Akyem districts are wholly inadequate. BOG must remove impediments to the setting up of rural banks in these districts and encourage ADB and GCB to open branches in these districts.
  
  The government must further ensure that wholly owned Ghanaian banks, including rural banks, get at least 80% of the banking revenue.

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