Ghana news briefing
Our early assessments of 20% Cash Reserve Ratio has been orderly, GH¢11.5 billion to be absorbed from market – BoG
The central bank said the new CRR policy ensures that liquidity conditions stay aligned with the Bank’s inflation expectations and the goals of its foreign exchange operations.5 billion would be absorbed from the market through the implementation of the new uniform 20% CRR, maintained in domestic currency, at no cost to the Bank.
Johnson Asiama The Bank of Ghana says its early assessments of the Cash Reserve Ratio (CRR) of a uniform 20% has been orderly, with banks generally complying with the revised requirement and the banking system remaining sufficiently liquid.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
