• About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 25, 2023
  • Login
Extra News Ghana
Advertisement
  • Home
  • Lifestyle
    Akufo-Addo, Kufuor, Nana Konadu , others grace star-studded ‘Pat Thomas Highlife Night’ concert

    Akufo-Addo, Kufuor, Nana Konadu , others grace star-studded ‘Pat Thomas Highlife Night’ concert

    King Promise dazzles crowd at Wizkid concert at Tottenham Stadium with legendary performance

    King Promise dazzles crowd at Wizkid concert at Tottenham Stadium with legendary performance

    Let’s celebrate Eid with family and friends to advance peace, says Bawumia.

    Let’s celebrate Eid with family and friends to advance peace, says Bawumia.

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    A Year of Lives Lost to Diseases Science Has Yet to Tame

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Agriculture
  • Government and Politics
  • Religion
  • Showbiz
  • Sports
  • Videos
  • World News
  • About us
  • Advertise
No Result
View All Result
  • Home
  • Lifestyle
    Akufo-Addo, Kufuor, Nana Konadu , others grace star-studded ‘Pat Thomas Highlife Night’ concert

    Akufo-Addo, Kufuor, Nana Konadu , others grace star-studded ‘Pat Thomas Highlife Night’ concert

    King Promise dazzles crowd at Wizkid concert at Tottenham Stadium with legendary performance

    King Promise dazzles crowd at Wizkid concert at Tottenham Stadium with legendary performance

    Let’s celebrate Eid with family and friends to advance peace, says Bawumia.

    Let’s celebrate Eid with family and friends to advance peace, says Bawumia.

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    A Year of Lives Lost to Diseases Science Has Yet to Tame

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Agriculture
  • Government and Politics
  • Religion
  • Showbiz
  • Sports
  • Videos
  • World News
  • About us
  • Advertise
No Result
View All Result
Extra News Ghana
No Result
View All Result
Home General

Increasing policy rate to 22% good but cap government borrowing – Finance lecturer to BoG

by
18 August 2022
in General
0
Increasing policy rate to 22% good but cap government borrowing – Finance lecturer to BoG

A Finance Lecturer and Associate Professor with Andrews University in Michigan, USA, Dr Williams Peprah, has welcomed the decision by the Bank of Ghana to increase the policy rate by a further 3 percentage points to 22%.

However, he is unhappy the Bank of Ghana failed to cap government borrowing to reduce inflation.

Reacting to the increase in the Central Bank’s base lending rate to commercial banks, Dr Peprah said the monetary authority should have put a cap on the amount government borrows, so far as it has put a limit on the primary reserves of banks.

“So far as the Central Bank has put a limit or has increased the primary reserves for banks, it must also put a cap on the amount [borrowings] government withdraws from its account which is called debt monetization or printing of money”.

According to him, the printing of money is one of the major impacts on increasing inflation, “so, I was hoping that the Central Bank will address the issue”.

He however said “the Bank of Ghana’s monetary policy decision of increasing the rate to 22% is a good thing that we need now in the country. Because, we’ve noticed the disparities between the monetary policy rate, inflation rate, and treasury bill rate.”

“At the moment, the Treasury bill rate is hovering around 27% and the difference between that one and the monetary policy rate is worrisome. So moving it up to 22% is something that will be able to address the issue”.

On the Central Bank’s decision to boost the supply of foreign exchange into the economy and help stabilise the cedi, Dr. Peprah said the Central Bank should not limit it to only three industries (mining, oil and banking), but also to the other sectors of the economy.

“The Central Bank should not limit its discussions to only these three industries, but also to the service sector by focusing on telecommunications, because the firms hold some foreign exchange exposure.

Indeed, the cost of borrowing already will go up as I have mentioned because banks are now pegging their cost of funds to the Treasury bill rate and not the monetary policy rate”.

 

Source: Joy Business

Related

  • Trending
  • Comments
  • Latest
A MOTHER IS STILL A MOTHER…: BY RHEDD_MAYA

A MOTHER IS STILL A MOTHER…: BY RHEDD_MAYA

25 July 2023
1st Anniversary of Remembering the Late Dr. Kenneth Anewenah, CEO of Myturn Construction Ltd and LESKEN Company Ltd

1st Anniversary of Remembering the Late Dr. Kenneth Anewenah, CEO of Myturn Construction Ltd and LESKEN Company Ltd

23 July 2023
Government Bans Mallams & Fetish Priests from broadcasting on TV

Government Bans Mallams & Fetish Priests from broadcasting on TV

25 July 2023
Popular journalist reveals region Mahama’s running mate will come from

Popular journalist reveals region Mahama’s running mate will come from

25 July 2023
BREAKING THE ‘8’ IS THE ACUMEN OF THE NPP FOOT SOLDIERS

BREAKING THE ‘8’ IS THE ACUMEN OF THE NPP FOOT SOLDIERS

1
MARRIAGE CONNECT 2022 – By Save Marriage Foundation

MARRIAGE CONNECT 2022 – By Save Marriage Foundation

1
ICGC UPPER ROOM TEMPLE FELLOWSHIPS AMID COVID 19 LOCKDOWN

ICGC UPPER ROOM TEMPLE FELLOWSHIPS AMID COVID 19 LOCKDOWN

0
The Champ; Floyd Mayweather & Team Rides through LA with no mask despite Covid 19 &  Social Distancing Warnings

The Champ; Floyd Mayweather & Team Rides through LA with no mask despite Covid 19 & Social Distancing Warnings

0
First court appearance for housekeeper accused of killing businesswoman

First court appearance for housekeeper accused of killing businesswoman

18 September 2023
Otumfuo Osei Tutu II, the King of the Asante Kingdom, traveled from Ghana to the United Kingdom last week in order to attend the next St Andrews Africa Summit (SAASUM).

Otumfuo Osei Tutu II, the King of the Asante Kingdom, traveled from Ghana to the United Kingdom last week in order to attend the next St Andrews Africa Summit (SAASUM).

18 September 2023
The houseboy who allegedly killed a businesswoman sold her car for GHC 100,000.

The houseboy who allegedly killed a businesswoman sold her car for GHC 100,000.

18 September 2023
Richard Kingson – Ghana will go far in the 2023 Africa Cup of Nations

Richard Kingson – Ghana will go far in the 2023 Africa Cup of Nations

14 September 2023

Recent News

First court appearance for housekeeper accused of killing businesswoman

First court appearance for housekeeper accused of killing businesswoman

18 September 2023
Otumfuo Osei Tutu II, the King of the Asante Kingdom, traveled from Ghana to the United Kingdom last week in order to attend the next St Andrews Africa Summit (SAASUM).

Otumfuo Osei Tutu II, the King of the Asante Kingdom, traveled from Ghana to the United Kingdom last week in order to attend the next St Andrews Africa Summit (SAASUM).

18 September 2023
The houseboy who allegedly killed a businesswoman sold her car for GHC 100,000.

The houseboy who allegedly killed a businesswoman sold her car for GHC 100,000.

18 September 2023
Richard Kingson – Ghana will go far in the 2023 Africa Cup of Nations

Richard Kingson – Ghana will go far in the 2023 Africa Cup of Nations

14 September 2023
Extra News Ghana

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Agriculture
  • Dating Online
  • Education
  • General
  • Government and Politics
  • Lifestyle
  • Religion
  • Showbiz
  • Sports
  • Videos
  • World News

Recent News

First court appearance for housekeeper accused of killing businesswoman

First court appearance for housekeeper accused of killing businesswoman

18 September 2023
Otumfuo Osei Tutu II, the King of the Asante Kingdom, traveled from Ghana to the United Kingdom last week in order to attend the next St Andrews Africa Summit (SAASUM).

Otumfuo Osei Tutu II, the King of the Asante Kingdom, traveled from Ghana to the United Kingdom last week in order to attend the next St Andrews Africa Summit (SAASUM).

18 September 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 Extranewsgh - Website Designed and Developed by Marynetsystems.

No Result
View All Result
  • Home
  • Lifestyle
  • Agriculture
  • Government and Politics
  • Religion
  • Showbiz
  • Sports
  • Videos
  • World News
  • About us
  • Advertise

© 2023 Extranewsgh - Website Designed and Developed by Marynetsystems.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In