In a shocking move, the Bank of Ghana (BoG) has terminated the appointment of Daasebre Akuamoah Agyapong II as Board Chairman of the Agricultural Development Bank (ADB) amidst allegations
BoG Governor Assures Of Prudent Economic Management Amid IMF Review
Bank of Ghana Governor, Dr. Ernest Addison, has expressed optimism about the country’s economic outlook, citing significant progress in inflation reduction and foreign exchange reserves accumulation. Addressing a joint
Economic Activity Picks Up – BoG
The Central Bank says trends in its high frequency real sector indicators point to a sustained pickup in economic activity. The updated real Composite Index of Economic Activity (CIEA),
BoG Reduces Policy Rate
The Bank of Ghana (BOG), has dropped policy rate by 200 bases points to 27% as a result of improved macroeconomic conditions. The Governor of the Bank of Ghana,
BoG Launches Ghana Gold Coin
Governor of the Bank of Ghana (BOG), Dr. Ernest Addison, has launched the ‘Ghana Gold Coin’ to stabilise the economy and promote investment in Ghana’s gold reserve. Speaking at
BoG Rolls Out Historic Gold Coin
In a groundbreaking move, the Bank of Ghana has unveiled the country’s first-ever gold coin, offering Ghanaians a unique investment opportunity. This milestone marks a significant expansion of the
Banks Lose GH¢88m To Fraudsters- Says BoG
Dr. Ernest Addison The Bank of Ghana (BoG) has released its annual Fraud Report for 2023, revealing a 5% increase in fraud cases and a 7% rise in losses,
BoG Governor Calls For Effective Macroeconomic Policies Amid Global Economic Uncertainty
Dr. Ernest Addison The Governor of the Bank of Ghana, Dr. Ernest Addison, has emphasized the need for effective macroeconomic policies to address the current global economic challenges. Speaking
BoG Sets Records Straight On Liberia Currency Transfer Through Ghana
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