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
$360m IMF Cash Hits BoG Account
Dr. Mohammed Amin Adam The Executive Board of the International Monetary Fund (IMF) has approved the second review of Ghana’s $3 billion loan programme, enabling for the immediate disbursement of $360
BoG Dismisses False Media Report
BoG Governor, Dr. Ernest Addison The Bank of Ghana (BoG) has described as misleading a media assertion that the country has lost US$8 billion in the last two years
GN Bank Disputes BoG’s Claims
The Groupe Nduom Bank has taken a bold stance against the Bank of Ghana (BoG), refuting claims of regulatory infringements that have been cited as grounds for the collapsed
BoG Justifies GN Bank License Revocation *Accuses GN Of Sending $62m To US
The Bank of Ghana (BoG) has articulated and rationalized the decisive action undertaken to revoke the license of GN Bank in 2019, citing pronounced breaches of regulatory protocols as
‘BoG Working On Price Stability’
Bernard Otabil The Bank of Ghana (BoG) has emphasised its commitment to its price stability mandate and the well-being of Ghanaians. Director of Communications at the BoG, Bernard Otabil,
Govt Expenditure Below Target – BoG
Dr. Ernest Addison Total government expenditure at end- December 2023 amounted to GH¢155.58 billion (18.2% of GDP), below the programme target of GH¢183.86 billion (21.5% of GDP). Recurrent Expenditure
We’ve Adequate Dollar Reserves – BoG
Dr. Ernest Addison The Bank of Ghana (BoG) has stated that it has adequate reserves to manage shocks to the foreign exchange market, having added over US$600 million to
BoG Cracks Down On Illegal Forex Operations
In a move to tackle the operations of illegal forex operators and promote transparency in the foreign exchange market, the Bank of Ghana (BoG) has announced new measures. The
BoG Keeps Monetary Policy Rate At 29%
Dr. Ernest Addison In a recent announcement, the Bank of Ghana (BoG) has decided to maintain its Monetary Policy Rate at a significant 29 percent. This decision comes after