Dr. Ernest Addison The Bank of Ghana (BoG) has released information regarding inward remittance services by Payment Service Providers (PSP). In a release signed by the Secretary of BoG, Sandra
BoG Makes GHS60.8bn Losses In 2022
Dr. Ernest Addison Due to the impairment of the Government of Ghana’s securities holdings of GH¢48.45 billion, impairment of loans and advances granted to quasi-government and financial institutions amounting to
BoG Builds Excess Reserves
Dr Ernest Addison Governor of the Bank of Ghana (BoG), Dr Ernest Addison has announced that the implementation of the International Monetary Fund (IMF) supported Extended Credit Facility programme
BoG Meets Target Of Zero Financing Of Budget Under IMF Deal
Dr. Ernest Addison The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has announced at a press conference on July 24th that the central bank had achieved its
BoG Increases Policy Rate To 30%
Dr. Ernest Addison The Monetary Policy Committee of the Bank of Ghana (BoG) has increased its policy rate to 30% representing 50 basis points rise. This increment, totaling 15.5%
BoG Report Signals Significant Revenue Loss
Dr. Ernest Addison, BoG Governor A government is expected to record significant revenue loss according to a yet-to-be-released BoG report. The Bank of Ghana Governor, Dr. Ernest Addison who
Bank Of Ghana Increases Gold Reserves
Dr. Ernest Addison – Governor of Bank of Ghana Since the inception of Bank of Ghana’s Domestic Gold Purchase Programme (DGPP) in June 2021, the bank has added over
BoG Revokes Fidelity, First National Banks Forex License
Bank of Ghana has suspended the forex licenses of Fidelity Bank Ghana Limited and First National Bank Ghana Limited for a month for violating Ghana Interbank Forex Market Conduct
Start Cash Movement With Armoured Cars – BoG Orders
Dr. Ernest Addison In response to the recent armed robberies during cash movements, the Bank of Ghana (BoG) has issued a directive to all banks in the country to
BoG Celebrates Book On Central Banking, Governors
The Bank of Ghana has celebrated the launch of a book titled “Central Banking in Ghana and the Governors (Institutional Growth and Economic Development)” by Ivor Agyeman-Duah. The launch,
MoMo Fraud Drops Marginally – BoG Report
The Bank of Ghana (BoG) has released its 2022 Fraud Report, revealing that there were 12,166 cases of Mobile Money (MoMo) fraud in the year, recording a slight decrease
Veep Opens BoG’s Cybersecurity Centre
Dr. Mahamudu Bawumia with BoG officials after unveiling the plaque Vice President Dr. Mahamudu Bawumia yesterday commissioned the Bank of Ghana’s newly established Financial Industry Command Security Operations Centre (FICSOC),
Submit Recapitalization Plans By September – BoG Tells Banks
Dr. Ernest Addison Banks have been given up to September this year to submit to the central bank their recapitalization plans, says Governor of the Bank of Ghana (BoG) Dr