Dr Ernest Addison The Bank of Ghana has stated to clarify a long-standing currency transfer arrangement with the Central Bank of Liberia, following a misleading news item circulating on
World Bank Hails Ghana Banking Sector Reforms
Ghana’s banking sector has made significant strides in recent times, with over half of the 23 operating banks well-positioned to avoid recapitalization. This is according to the World Bank’s
BoG Sanctions 245 Businesses For Issuing Dud Cheques
Dr. Ernest Addison – BoG Governor The Bank of Ghana (BOG) has imposed sanctions on 245 business entities and some 47 individuals for issuing dud cheques. A statement from
BoG Blacklists 47 Individuals, 245 Businesses Over Dud Cheques
The Bank of Ghana has taken decisive action against individuals and businesses that have breached its guidelines on the issuance of dud cheques. A total of 47 individuals and
BoG Launches Centralised Foreign Exchange Platform
Dr. Ernest Addison The Bank of Ghana (BoG) has launched the centralised foreign exchange trading platform that will be effective August 1st, 2024. A release signed by the BoG
Banking Sector Assets Reach GH¢323.1bn
Dr. Ernest Addison The banking sector performance in the first half of the year pointed to continued recovery from the impact of the Domestic Debt Exchange Programme (DDEP). Total
Central Bank Maintains Policy Rate At 29% For Third Consecutive Time
Dr. Ernest Addison In a notable display of stability and strategic economic foresight, the Bank of Ghana (BoG) has opted to retain the policy rate at 29%, as reiterated
BoG Justifies New Head Office Building
Dr. Ernest Addison The Bank of Ghana (BoG) has found itself embroiled in scrutiny following revelations of a hefty loss amounting to GHC 10.50 billion recorded in the fiscal
SC Affirms BoG Revocation Of UniCredit Licence
The Supreme Court has affirmed the decision of the Bank of Ghana (BoG) to revoke the operating licence of Unicredit Ghana Limited. The court, in a unanimous decision, reversed
BoG Shuts Down Dek-Nock Investments, Customers Asked To Stay Calm
Dr. Ernest Addison – Governor of Bank of Ghana In a joint effort with the Ghana Police Service, the Bank of Ghana (BoG) has taken decisive action to shut
Minority Protest Against BoG July 30
Mahama Ayariga The NDC Member of Parliament (MP) for Bawku Central, Mahama Ayariga, has indicated that members of the Minority will hit the streets again July 30, 2024 to demand
BoG Issues Strict Guidelines For Financial Institutions
In a recent notification, the Bank of Ghana (BoG) has directed all financial institutions to comply with the Banks and Specialised Deposit-Taking Institutions Act, 2016, and the Fit and
Jail Persons Implicated In Banking Sector Clean-up – BoG Charges Govt
Dr. Ernest Addison The Governor of the Bank of Ghana, Dr. Ernest Addison, has made an impassioned call for governmental intervention against shareholders of banks and financial institutions implicated