Bank of Ghana to Mop GH¢16 Billion and Release US$1.4 Billion via CRR Amendment

The Bank of Ghana is expected to mop over GH¢16.0 billion into unremunerated Cash Reserve Ratio while simultaneously releasing US$1.4 billion from the CRR, aiming to ease exchange rate pressure.

26 May, 14:57 — 26 May, 14:57

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myjoyonlineMixed93d ago

Cash Reserve Ratio amendment: BoG likely to mop over GH¢16.0bn, exchange rate pressure to ease – Report

The Bank of Ghana is likely to mop over GH¢16.0 billion into unremunerated Cash Reserve Ratio (CRR) while simultaneously releasing US$1.4 billion from the Cash Reserve Ratio. According to IC Insights, this is expected to create interbank demand for the cedi as banks recalibrate their liquidity framework to comply within the next two weeks. Again, […]

By Charles Nixon

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Bank of Ghana to Mop GH¢16 Billion and Release US$1.4 Billion via CRR Amendment

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Cash Reserve Ratio amendment: BoG likely to mop over GH¢16.0bn, exchange rate pressure to ease – Report

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