Dr Ernest Addison BANKS RECORDED a stronger annual growth in total assets in February 2020 compared with a year earlier. A new Bank of Ghana (BoG) report, which made this
BoG Suspends Dividends For 2019
Dr Ernest Addison The Bank of Ghana (BoG) has directed banks and Specialized Deposit-Taking Institutions (SDIs) to desist from declaring and paying dividends and from making other distributions to shareholders
Zeepay Gets BOG Moblie Money Licence
Zeepay Bank of Ghana (BOG) has granted Zeepay Ghana license to operate a full Electronic Money Issuer service otherwise known as Mobile Money. The approval will enable Zeepay improve last
New Banknotes Cost $8.97 Million
Ken Ofori-Atta, Finance Minister GOVERNMENT has stated that it cost the nation US$8.97 million to print the new GHȼ100 and GHȼ200 notes introduced by the central bank in November last
Banking Sector To Deliver Stronger Performance
Dr. Ernest Addison The banking sector in Ghana is projected to deliver a stronger performance in the coming years. This is according to the 2019 Banking Sector Report released by
BoG Enforces Directive On 3rd Party Deposit
Dr. Ernest Addison The Bank of Ghana (BoG) has reminded all banks and specialized deposit-taking Institutions in the country to comply fully with the anti-money laundering Act, 2008 (Act 749)
BoG Directs Rural Banks To Meet Minimum Capital
Dr. Ernest Addison The Bank of Ghana has directed all Rural and Community Banks (RCBs) to meet their Minimum Capital requirement by February 2020. The directive was contained in a
BoG Sanctions Barclays Bank
Dr Ernest Addison The Bank of Ghana (BoG) has fined the Barclays Bank Ghana an amount of GH¢4,579,256.36 for making frivolous quotes on Ghana’s Interbank Foreign Exchange Market. This action,
BoG Shuts Down 347 Microfinance Firms
Dr Ernest Addison THE BANK of Ghana (BoG) has revoked the licenses of 347 insolvent microfinance firms, with effect from Friday, May 31, 2019. In addition, licences of another 155
BoG Warns Against Pricing In Foreign Currencies
Dr.Ernest Addison The Bank of Ghana (BoG) has warned companies, institutions and individuals against pricing, advertising and payment for goods and services in foreign currencies without its authorization. The Central
BoG Introduces Upgraded Banknotes
THE BANK of Ghana (BoG) has started circulating its upgraded banknotes. The upgraded banknotes, which went into circulation today, have enhanced security features in line with evolving changes in the