Effect of the Domestic Debt Exchange Program on Government Budget
Since the government of Ghana first announced that it was inviting eligible bond holders to exchange approximately GHS137.3 billion of domestic bonds for a package of new bonds on December 5th, the program deadline has been extended twice. The latest expiration date for the program is Tuesday 31st January 2023. In our previous article titled […]
The Bank of Ghana’s Forecasted Monetary Policy Rate for January 2023 is expected to lift the Policy Rate to its highest level in 21 years
Introduction The Bank of Ghana’s Monetary Policy Committee will hold its meeting from January 24th to 27th, with a press release due on January 30th. We anticipate the policy rate, which influences various financial indicators like lending rates, fixed income yields, stock market performance, and exchange rates, to rise by 300 basis points to 30%. […]
