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BoG downgrades GN Bank, now savings and loans

January 4, 2019

The Bank of Ghana has downgraded GN Bank to a savings and loans company. This was after the central bank finished what it describes as the banking resolution requiring each commercial bank operating in the country to have a minimum capital of 400 million cedis.

More soon.

Source:https://www.ghanaweb.com/GhanaHomePage/business/BoG-downgrades-GN-Bank-now-savings-and-loans-712819

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Economic Indicators

Economic Indicators

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Inflation (CPI) 10.60% %
Inflation (PPI) 7.40% %
Monetary Policy Rate 14.50% %
GoG 1-year Treasury 16.76 %
GSE-CI (YTD) −12.19 %
GSE-FSI (YTD) −9.42 %
GDP Growth 6.7% %
Budget Deficit 7.2% %
Public Debt 59.3% %
Fx. Reserves 6.9%

updated on: 21st May, 2020 at 12:11 PM GMT

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IGS Financial Services (IGS) is an
investment advisory and pension fund
manager licensed and regulated by the
Securities and Exchange Commission
and National Pensions Regulatory
Authority since 2010

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