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
Bank Of Ghana Doles Out $100m To Boost MSMEs
The Bank of Ghana (BoG) has announced a USD100 million initiative to support Ghanaian Micro, Small, and Medium Enterprises (MSMEs) via the Ghana Integrated Financial Ecosystem (GIFE). The move
Let Us Explore New Opportunities In Fintech Space – BoG Governor
Dr. Ernest Addison Governor of Bank of Ghana (BoG), Dr. Ernest Addison, has urged participants in the ongoing 3i Summit in Accra to explore new opportunities. According to him,
Economy On Path Of Progress – BoG Governor
Dr. Ernest Addison Governor of the Bank of Ghana, Dr. Ernest Addison, says the economy continues to be on a path of progress and therefore expects that the dis-inflation
BoG Lauds National Banking College For Invaluable Contribution To Financial Sector
Dr. Opoku-Afari The Bank of Ghana (BoG) has praised the invaluable contribution of the National Banking College (NBC) to the training of human resources in the financial sector. The
BoG Governor Backs Government’s Gold For Oil Policy For Economic Stability
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, reaffirmed his strong support for the government’s Gold for Oil policy, emphasizing its crucial role in bolstering the
Policy Rate Remains 29%
Dr. Ernest Addison, Governor of Bank of Ghana The Bank of Ghana (BoG) has maintained its Monetary Policy Rate (MPR) at 29% following a review of some developments in
BoG Adjusts Banks’ Cash Reserve Ratio
The Central Bank announced Monday it has decided to adjust the Cash Reserve Ratio (CRR) for banks. Governor of the Bank of Ghana and Chairman of the Monetary Policy
BoG Maintains 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 (MPR) at 29%. This move comes in response to a
BoG Suspends Forex Licences of GT Bank, FBN Bank
The Bank of Ghana (BoG) has taken the decision to suspend the forex licences of Guaranty Trust Bank Ghana Limited and FBN Bank Ghana Limited, two Nigerian affiliated banks