August 2017
BOG Measures Helping to Stabilize the Cedi

Mr. Benjamin Amoah, Head of Financial Stability at the Bank of Ghana, has said there is a slowdown in the depreciation of the cedi after measures by the Bank of Ghana (BOG) to halt it. The BOG introduced measures at the beginning of the year to halt the depreciation of the cedi, among which included the withdrawal of both Foreign Currency and Foreign Exchange Accounts in cedis, at the existing exchange rate over the counter, except for traveling purposes. (April 22, 2014)

GDP Growth hit 7.1 per cent in 2013

The Revised Gross Domestic Product (GDP) estimate for 2013, showed a growth of 7.1 per cent compared to the 2012 final estimates of 8.8 per cent. The service sector recorded the highest growth of 8.9 per cent, followed by industry 7.0 per cent with agriculture recording the lowest growth rate of 5.2 per cent. (April 10, 2014)


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