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The Ghana Association of Bankers (GAB) is the country's leading mouthpiece for the universal banking sector, currently representing the interests of 34 member banks. Membership brings together all the universal banks as the number in the sector increases. At its inception on 29th May 1980, there were seven universal banks in Ghana against the current figure of 34. GAB supports and promotes policies and initiatives that balance both the interest of banks, and the wider public benefit. In consonance with similar global bodies, GAB's work is underpinned by three core priorities: Helping customers - both households and businesses Promoting growth, including supporting Ghana as the financial gateway to West Africa To carry out research, analyze and disseminate information on issues affecting the banking industry's performance and growth. We intend to Bankers' Newsletter and Annual Journal and by the circulation of member banks Newsletters and other communications. To enhance industry performance especially in the areas of credits by pursuing to fruition the establishment of Credit reference bureau and also the general upgrade of bank personnel through training programmes. To participate and contribute meaningfully to the programmes and activities of the West African Bankers' Association and the proposed West African Monetary Agency.

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DAILY RATES - 2018-05-24 01:52:07

NAME CURRENCY BUYING SELLING MIDRATES
USA USDGHS 4.4142 4.4187 4.4165
Pound Sterling GBP - GHS 5.889 5.8972 5.8931
Swiss Franc CHF - GHS 4.4402 4.446 4.4431
Australian Dollar AUD - GHS 3.3279 3.3349 3.3314
Canadian Dollar CAD - GHS 3.4246 3.428 3.4263
Danish Kroner DKK - GHS 0.6937 0.6945 0.6941
Japan Yen JPN - GHS 0.0401 0.0402 0.0402
New Zealand Dollar NZD - GHS 3.0401 3.0512 3.0476
Norwegian Kroner NOK - GHS 0.5445 0.5451 0.5448
Swedish Kroner SEK - GHS 0.5032 0.5033 0.5033
S/African Rand ZAR - GHS 0.3508 0.3511 0.351
Euro EUR - GHS 5.1685 6.173 5.1707
CHINA CNY 0.6912 0.6917 0.6914

WEST AFRICAN CURRENCIES / NON CONVERTIBLE CURRENCIES

NAME CURRENCY BUYING SELLING MIDRATES
CFA GHS - XOF 126.8 126.91 126.86
Dalasi GHS - GMD 10.96 10.97 10.96
Ouguiya GHS - MRO 80.75 80.83 80.79
Naira GHS - NGN 69.18 69.25 69.22
Leone GHS - SLL 1775.62 1777.43 1776.52
WAUA GHS - WAUUA 0.0874 0.0874 0.0874

GHANA REFERENCE RATE FOR MAY, 2018: 16.74%

The Bank of Ghana in consultation with the Ghana Association of Bankers reconstituted a Working Group to review the existing Base Rate model and develop a new framework for base rate determination. The objective of the review among others is to fulfill its commitment to move towards a more market based model of base rate setting, in the medium to long term. The “Base Rate” emanating from this model is now a Reference Rate rather than a Minimum Lending Rate for all banks as was the case with the previews model. A bank shall price its Flexible and Fixed term loans by adding or subtracting its risk premium to the Ghana Reference Rate(GRR). Flexible or floating term loan for any tenure granted by a bank from the implementation period will reset after each month’s publication of the GRR. Fixed term loan rates granted by a bank in its normal course of business from the implementation date will however run until maturity.

NOTICE BOARD

  • JULY

    18 , 2017

    MONETARY POLICY COMMITTEE KEEPS POLICY...


  • JULY

    18 , 2017

    NDK FINANCIAL TO LAUNCH CSR FOUNDATION


    JULY

    18 , 2017

    OUTLOOK 2017


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