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The following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Thursday, July 29, 2010. |
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The Executive Director of the Centre for Policy Analysis (CEPA), Dr Joe Abbey, says commercial banks have not reduced lending rates because of the high risk associated with lending.
There has been a steady decline in inflation over the past 12 months, described as the longest drop in the country's history to the current level of 9.52 per cent. |
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Come Saturday July 31, 2010, the ninth edition of the Ghana Banking Awards will take place at the plush Accra International Conference Center.
The ceremony was twice postponed due to technical reasons including unprecedented challenges encountered by the researchers and survey teams during the collection and collating of data, thereby delaying the submission of the survey report for the awards. |
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President John Evans Atta Mills on Tuesday, appealed to managements of the nation's banks to reduce the current high interest rates.
He said now that the economy was improving, with a further decline in the Bank of Ghana base rate, the banking sector could be of more help to local industries with a reduction of the interest rates to sustain industries and help them to grow. |
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Overall developments in Ghana’s banking system through May 2010 is showing a strong asset growth and improvement in financial soundness, but commercial banks are tightening credit to small scale businesses, the Bank of Ghana has said. |
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