Tag: Central Bank
Malaysia’s central bank cuts rate to record low
Malaysian Central Bank on Tuesday cut its Overnight Policy Rate (OPR) by 25 basis points to record low of 1.75 percent to mitigate the...
Angola central bank spends over US$44 million on treasury bonds purchase
The National Bank of Angola (BNA) spent 26.1 billion Kwanzas(44 million U.S. dollars) for the purchase of treasury bonds from 41 companies until June...
Bank of Ghana provides nearly US$1 billion to fill budget gaps over COVID-19
Ghana's central bank has provided budgeting support to the government to plug part of the resource gaps created by the COVID-19 outbreak, the governor...
Bank of Ghana begins purchases of COVID-19 relief bond
The Bank of Ghana says it has begun the purchase of Government of Ghana COVID-19 relief bond with a face value of GH¢5.5 billion...
Namibia’s commemorative banknote to be put into circulation
Namibia's independence commemorative Namibia dollar note will be available to the public as from Friday, the central bank announced Wednesday.
The commemorative...
SenseTime, central bank partner to promote AI technology in finance
China's fast-growing technological company SenseTime has partnered with an institute affiliated with the central bank to promote the innovative research on artificial intelligence (AI)...
Namibia’s economy expected to contract by 6.9 percent in 2020
Namibia's economy is expected to contract by 6.9 percent in 2020, following a milder contraction of 1.1 percent in 2019, the central bank said...
Botswana urged to grow fiscal and external buffers
Botswana's central bank has warned that the country needs to maintain sufficient fiscal and external buffers.
"This means building sufficient resilience to...
Rwanda’s trade deficit up 16.3 percent in 2019
Rwanda's trade deficit increased by 16.3 percent in 2019, compared to the same period of 2018, the central bank said on Tuesday.
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Repo rate cut expected to bring marginal relief to Namibian loan holders
Namibian banks decreased their prime lending rate, following the decision on Wednesday by the central bank to cut the repo rate by 25 basis...
Govt completes payments of all BDCs Legacy Debts
The Government has completed the payment of all legacy debts owed the Bulk Oil Distribution Companies (BDCs) and Banks towards reducing the Non-Performing Loans...
Zambia central bank maintains key lending rate at 11.5 percent
Zambia's central bank on Wednesday maintained its key lending rate at 11.5 percent, citing projections that inflation will remain high in the interim period.
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Angola’s ex-president confirms ordered transfer of US$500 million
Angolan former president, Jose Eduardo dos Santos, confirmed on Tuesday that he ordered the ex-governor of the country's central bank (BNA) to transfer 500...
Attempts to smear President Akufo-Addo with Excavators won’t wash- NPP Chairman
The Tema West Constituency Chairman of the New Patriotic Party (NPP), Dennis Amfo-Sefah, has stated that attempts by some opposition members to smear...
Sudan dissolves boards of central bank, other banks
Sudan's Committee for Dismantling Ingaz (Salvation) Regime and Removing Empowerment on Thursday dissolved boards of directors of a number of banks, including the Central...
Zimbabwe registers less than targeted cash circulation
The Reserve Bank of Zimbabwe (RBZ) said Thursday about 1.1 billion Zimbabwe dollars in cash is currently in circulation in the country, far less...
Ghana’s Central Bank introduces GH¢100, GH¢200 notes and GH¢2 coin
The Governor of the central bank, Dr Ernest Yedu Addison, has announced the introduction of GH¢100 and GH¢200 notes to the country’s currency denomination.
Also,...
Ghana central bank keeps 16 percent policy rate
Ghana's central bank has kept its indicative policy rate at 16 percent for the fourth consecutive time, after reducing it to this level in...
Ghana introduces regulatory measures to secure electronic money transactions
Electronic money platform operators in Ghana will abide by separate regulatory requirements to enhance operations and secure the platforms for users, the central bank...
Rwanda financial inclusion records sharp rise in eight years
Rwanda's overall financial inclusion registered tremendous progress in eight years, expanding from 48 percent in 2008 to 89 percent in 2016, Monique Nsanzabaganwa, Deputy...
MTN MoMo remains safe, secure and reliable
MTN Ghana has noted with grave concern an audio and text messages circulating on social media requesting MoMo users to withdraw their money due...
Number of Namibians borrowing for consumption worrying
The rate at which Namibians are taking out personal loans to support consumption is worrying, Namibia's central bank said Wednesday.
Speaking at...
Namibia receives more earnings from regional customs union – central bank
Namibia has received more earnings from the revenue pool of the Southern African Customs Union (SACU), the country's central bank governor said on Wednesday.
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Zimbabwean businesses shaky over uncertain central bank policy measures
The delay by Reserve Bank of Zimbabwe governor John Mangudya to announce the 2019 Monetary Policy Statement (MPS) has left the business community in...
We also need environmental clean-up for economic performance
The Bank of Ghana earlier last year closed down five banks because they were said to have breached several banking regulations. This was...
Central Bank Is Not To Blame For The Woes Of Menzgold Clients
The Director of Business Operations of Dalex Finance, Mr. Joe Jackson has noted that, the Central Bank is not to blame for the woes...
Ghana public debt stock jumps 3.3 percent by July – Central bank
The stock of Ghana’s public debt increased 3.3 percent to 159.4 billion Ghana cedis or 33.9 billion US Dollars by end of July, compared...
Zambia sees demand for government securities rising in first quarter
Zambia saw demand for government securities rising in the first quarter of 2018, figures released by its central bank on Wednesday showed.
According to the...
BoG Sets Guidelines on Cyber Security to Protect Online Transactions
BoG Has Assured The Public To Introduce Cyber Security Guidelines To Safeguard Electronic And Online Financial Transactions.
Bank of Ghana has sounded a cautioned to...
Ghana to legislate virtual currency use-Central bank
Steps are underway for the Bank of Ghana to legislate the use of virtual currencies in the country, a release announced here late Monday.
To...