Latest news with #BankOfGhana
Bloomberg
3 days ago
- Business
- Bloomberg
Bank of Ghana Plans to Cap Non-Performing Loan Ratio at 10% by December 2026
Ghana's central bank is planning to introduce a cap on non-performing loans for the banking industry to restore asset quality after the West African nation's debt restructuring and period of high inflation eroded individuals and companies' ability to repay their loans. The directive to be enforced by December 2026 will cap non-performing loans ratio at 10%, Bank of Ghana Governor Johnson Asiama said in the capital, Accra, Tuesday.
Zawya
4 days ago
- Business
- Zawya
CORRECTION: MKS PAMP to Participate at Mining in Motion as Bronze Sponsor
The Mining in Motion 2025 Summit – Ghana's premier gathering for mining stakeholders - welcomes global precious metals firm MKS PAMP as a bronze sponsor. Taking place on June 2 - 4, 2025 in Accra, the summit will serve as a platform for MKS PAMP to showcase its growing contributions to Ghana's mining sector, particularly its support for responsible and inclusive gold supply chains. As a sponsor, MKS PAMP will take part in high-level panel discussions, highlighting innovative financing models aimed at empowering Ghana's artisanal and small-scale gold mining (ASGM) sector. Through its partnership with the Bank of Ghana, MKS PAMP is actively supporting ASGM operators by helping small-scale miners transition into the formal gold market, ensuring they benefit from global trading standards while enhancing traceability and compliance. In addition to supporting small-scale miners, MKS PAMP also works with large-scale operators to reinforce transparency across the value chain. In a notable collaboration with Newmont Corporation - which operates the Ahafo and Akyem Mines in Ghana - MKS PAMP launched mine-to-market traceable gold bars. The solution enables consumers to track the origin of their gold while offering regulators and stakeholders confidence in the transparency and ethical sourcing of monetized resources. At Mining in Motion, MKS PAMP will delve deeper into these contributions through participation in exclusive networking sessions and project showcases, engaging with local, regional, and international partners. The firm's participation at Mining in Motion reflects a broader commitment to supporting sustainable development, responsible sourcing, and emerging investment opportunities within Ghana's expanding gold sector. Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana's Ashanti Kingdom – in collaboration with Ghana's Ministry of Lands and Natural Resources, World Bank, and the World Gold Council, with the support of Ghana's Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders. Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting _ For sponsorship opportunities or delegate participation, contact Sales@ Distributed by APO Group on behalf of Energy Capital&Power.
Reuters
23-05-2025
- Business
- Reuters
Ghana central bank keeps rate unchanged as inflation eases
ACCRA, May 23 (Reuters) - Ghana's central bank on Friday kept its main interest rate (GHCBIR=ECI), opens new tab unchanged at 28.00%, saying consumer inflation was expected to ease further this year. Governor Johnson Asiama said at the opening of the monetary policy committee meeting on Wednesday that while the inflation outlook was improving, it remained vulnerable to food supply constraints and external price shocks. Consumer price inflation slowed for a fourth month in a row in April, to 21.2% year on year from 22.4% in March. It remains well above the Bank of Ghana's targets of 8% with a margin of error of 2 percentage points. The gold, oil, and cocoa-producing West African nation is recovering from its most severe economic crisis in decades, facing challenges in its critical cocoa and gold industries.
