The Monetary Policy Committee of the Bank of Ghana has maintained the monetary policy rate unchanged at 30%, while increasing the cash reserve ratio of banks to 15%. The decision aimed at ensuring a sustained decline in inflation.
“I do think our stock is undervalued and it’s a good time for investors to buy” - Selorm Adadevoh, CEO of MTN Ghana mentioned at the MTN Ghana Investor Connect held at the Group’s Head Office in Accra. His stance comes despite the stock price being at an all-time high of GHS1.55
GCB Bank PLC (GSE Ticker: GCB) has recorded a loss of GH¢555.8mn for the 2022 financial year, owing to the impact of the Domestic Debt Exchange Programme.
Standard Chartered Bank PLC (GSE Ticker: SCB) has reported a loss of GH¢299.6mn for the 2022 financial year, following the impact of the Domestic Debt Exchange Programme.