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September 27, 2024

Bank of Ghana lowers monetary policy rate to 27 per cent

The Monetary Policy Committee (MPC) of the Bank of Ghana has lowered the policy rate by 200 basis points to 27 per cent, citing improved macroeconomic conditions.

In the assessment of the Committee, preliminary data since the last MPC meeting held i…

Ghanaian businesses urged not to downgrade for grant access

Mr. Bright Evans Darko, Head of Small Medium Enterprises (SME) Banking at GEXIM Bank, has advised Ghanaian enterprises to avoid downgrading their businesses to qualify for micro grants.

He noted that that could undermine the trustworthiness of busin…

Tourists Enthralled by Ethiopia’s Meskel-Demera Celebration

Addis Ababa: Tourists abroad who attended the celebration of Demera, the eve of a UNESCO-inscribed Meskel festival, were enthralled by its unique religious and cultural dimensions.

The celebration of Demera, marking the finding of the True Cross upon…