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GDP

Central bank survey: Singapore GDP could grow by 6.5 percent in 2021

Singapore's economy could grow by 6.5 per cent this year, according to economists canvassed by the city-state's central bank. In its latest survey of forecasters,...
People walk past the Bank of Ghana in Accra, Ghana. Photo by: REUTERS / Zohra Bensemra

COVID-19 vaccination rollout to power faster economic recovery in Ghana

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The rollout of COVID-19 vaccination in Ghana will power a faster recovery of the country's economy, Ghana's central bank said Monday. Addressing the media after...
Gross Domestic Product (GDP)

Singapore’s 2021 GDP growth to exceed 6 percent – central bank

Singapore's de facto central bank said on Wednesday that economic growth could top the previous upper-end projection of 6 per cent cent, if global...
Bank of Japan

Japan’s central bank keeps up monetary easing

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dpa/GNA – The Bank of Japan decided on Friday to maintain its ultra-loose monetary policy to prop up the pandemic-hit economy and combat...
Bank of Ghana

Bank of Ghana launches regulatory and innovation sandbox pilot

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The Bank of Ghana has launched a regulatory and innovation sandbox pilot in collaboration with EMTECH Service LLC. The launch is in line with...
Bank of Ghana

Central Bank sees economic growth recovering up to 2. 5 per cent in 2020

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The Bank of Ghana sees an economic growth recovery of up to 2.5 per cent in 2020, underpinned by large fiscal stimulus packages, supportive...
Interest Rate

Nigeria’s central bank reduces interest rate to 11.5 pct

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The governor of Nigeria's central bank on Tuesday announced the reduction of the Monetary Policy Rate (MPR) from 12.5 percent to 11.5 percent. ...

Egypt pays off US$6.8 billion in debt in first quarter – central bank

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The Central Bank of Egypt (CBE) said on Tuesday that the country paid off 6.8 billion U.S. dollars in debt during the first quarter...
Makeshift Hospital

Fintech hastens economic relief to Kenyans amid COVID-19 pandemic

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Some 125,000 youths across Kenya on Monday started to receive 342 million shillings (about 3.17 million U.S. dollars) through their mobile phones from the...
banks

Namibia’s central bank reduces repo rate to 3.75 percent

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Namibia's central bank Wednesday reduced the repo rate by 25 basis points from 4 percent to 3.75 percent. Bank of Namibia governor...
Zambia - China Flag

Zambia mulls holding Chinese yuan in reserves

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Zambia's central bank said on Thursday that it was considering holding the Chinese currency renminbi, or the yuan, as one of the currencies in...
banks

Malaysia’s central bank cuts rate to record low

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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...
bond

Angola central bank spends over US$44 million on treasury bonds purchase

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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...
Dr. Ernest Addison

Bank of Ghana provides nearly US$1 billion to fill budget gaps over COVID-19

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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

Bank of Ghana begins purchases of COVID-19 relief bond

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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...
Namibian President Hage Geingob presents to the public the commemorative banknote issued by the Bank of Namibia in Windhoek, Namibia, March 21, 2020. Namibia on Saturday launched a commemorative thirty Namibian dollars note symbolizing the reigns of their three presidents to commemorate the country's 30 years of independence. (Xinhua/Jacobina Mouton)

Namibia’s commemorative banknote to be put into circulation

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Namibia's independence commemorative Namibia dollar note will be available to the public as from Friday, the central bank announced Wednesday. The commemorative...
banks

SenseTime, central bank partner to promote AI technology in finance

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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)...
banks

Namibia’s economy expected to contract by 6.9 percent in 2020

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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...
banks

Botswana urged to grow fiscal and external buffers

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Botswana's central bank has warned that the country needs to maintain sufficient fiscal and external buffers. "This means building sufficient resilience to...
Nigerian traders

Rwanda’s trade deficit up 16.3 percent in 2019

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Rwanda's trade deficit increased by 16.3 percent in 2019, compared to the same period of 2018, the central bank said on Tuesday. ...
banks

Repo rate cut expected to bring marginal relief to Namibian loan holders

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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

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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...
banks

Zambia central bank maintains key lending rate at 11.5 percent

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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. ...
Jose Eduardo dos Santos

Angola’s ex-president confirms ordered transfer of US$500 million

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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...
President Nana Addo Dankwa Akufo-Addo

Attempts to smear President Akufo-Addo with Excavators won’t wash- NPP Chairman

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The Tema West Constituency Chairman of the New Patriotic Party (NPP), Dennis Amfo-Sefah, has stated that attempts by some opposition members to smear...
banks

Sudan dissolves boards of central bank, other banks

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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's economy is fragile and it does not have its own currency

Zimbabwe registers less than targeted cash circulation

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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...
Bank Of Ghana introduces GH¢100, GH¢200 notes and GH¢2 coin

Ghana’s Central Bank introduces GH¢100, GH¢200 notes and GH¢2 coin

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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,...
Bank of Ghana

Ghana central bank keeps 16 percent policy rate

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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...
Bank of Ghana

Ghana introduces regulatory measures to secure electronic money transactions

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Electronic money platform operators in Ghana will abide by separate regulatory requirements to enhance operations and secure the platforms for users, the central bank...