Tag: Central Bank
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,...
COVID-19 vaccination rollout to power faster economic recovery in Ghana
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...
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...
Japan’s central bank keeps up monetary easing
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 launches regulatory and innovation sandbox pilot
The Bank of Ghana has launched a regulatory and innovation sandbox pilot in collaboration with EMTECH Service LLC.
The launch is in line with...
Central Bank sees economic growth recovering up to 2. 5 per cent in 2020
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...
Nigeria’s central bank reduces interest rate to 11.5 pct
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.
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Egypt pays off US$6.8 billion in debt in first quarter – central bank
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...
Fintech hastens economic relief to Kenyans amid COVID-19 pandemic
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...
Namibia’s central bank reduces repo rate to 3.75 percent
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 mulls holding Chinese yuan in reserves
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...
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...