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
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