The Bank of Ghana (BoG) is preparing to tighten banks’ credit risk management requirements as private-sector lending accelerates, with the regulator warning that rapid credit expansion must be matched by stronger underwriting and risk controls.
Treasury-bill rates declined last week as government accepted less than its auction target while most Domestic Debt Exchange Programme (DDEP) bonds recorded higher yields in the secondary market, pointing to a widening divergence between short-term liquidity conditions and pricing of longer-dated government securities.
The Securities and Exchange Commission (SEC) has called for the capital market to extend beyond stocks and bonds into agriculture, citing the Ghana Commodity Exchange as a vehicle to give farmers access to transparent markets, warehouse receipts and financing.
The Bank of Ghana has kept its benchmark policy rate unchanged at 14 percent as improved fiscal performance, stronger external buffers and resilient domestic activity offset renewed inflation risks from higher oil prices and global supply disruptions.
The Bank of Ghana’s Monetary Policy Committee is weighing whether to maintain its 14 percent policy rate as rising inflation, pressure on international reserves and a sharp increase in global oil prices complicate the outlook for monetary policy.
The Bank of Ghana’s (BoG) Monetary Policy Committee (MPC) will begin its 132nd meeting today, Wednesday, September 23, with markets awaiting Thursday’s decision on whether the central bank will maintain its 14 percent policy rate or resume its easing cycle.
Despite renewed investor confidence in Ghana’s domestic capital market, PwC Ghana has warned that the country lacks a strong pipeline of businesses prepared to list on the Ghana Stock Exchange (GSE) - potentially limiting the market’s ability to absorb growing pools of long-term capital.
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