Dr. Ernest Addison THE CENTRAL Bank has urged Government to reprioritise its existing spending programmes to ensure fiscal and debt sustainability. This is because fiscal authorities in emerging markets
Govt Exposes NDC – BoG Hasn’t Printed Money
Dr. John Ampontuah Kumah THE MINISTRY of Finance has refuted the opposition National Democratic Congress (NDC)’s false claim that it has prevailed on the Bank of Ghana (BoG) to
BoG Maintains Policy Rate At 19 %
Dr. Ernest Addison The Monetary Policy Committee of the Bank of Ghana (BoG) has maintained the Monetary Policy Rate (MPR) at 19 per cent. According to the Committee, the
Cedi Loses 19.2% To Dollar – BoG
THE BANK of Ghana (BoG) has disclosed that the cedi lost 19.2 per cent in value to the US dollar in almost seven months of 2022. According to the
Trade Surplus Hits $1.33bn In First Quarter
Dr. Ernest Addison – BoG Governor Ghana’s trade surplus was pegged at $1.33 billion in the first four months of 2022, according to the Bank of Ghana Summary of Economic
BoG Increases Policy Rate By 200 Points To 19 %
Dr. Ernest Addison – BoG Governor The Bank of Ghana (BoG) has raised the policy rate by 200 basis points to 19 percent at the Monetary Policy Committee (MPC) meeting
BoG Working To Promote PWDs Access To Finance
Mrs Elsie Addo Awadzi ELSIE ADDO Awadzi, Second Deputy Governor of the Bank of Ghana (BoG), says the central bank is in the process of developing a directive to promote
Total Debt Stock Reaches GH¢335.9bn
Dr. Ernest Addison TOTAL ASSETS of the country’s banking sector increased by 16.7 percent to GH¢166.4 billion as at end-August 2021, driven mainly by a 28.0 percent year-on-year growth in
Economy Enjoys Sustained Recovery
Dr Ernest Addison DEVELOPMENTS IN Ghana’s economic activity continue to point to sustained recovery following the downturn at the peak of the pandemic. Dr Ernest Addison, Governor of the Bank
BoG Stops GHC1, GHC2 Notes
Dr. Ernest Addison The Bank of Ghana is withdrawing the GH¢1 and GH¢2 notes from circulation and leave their respective coins for use. Addressing a press conference after the meeting
BoG Introduces Guidelines For Domestic Processing Of Payment Cards
BANK OF Ghana (BoG) has indicated it is committed to promoting an efficient payment ecosystem through the promotion of electronic modes of payments as alternatives to cash payments. To
Nana Inaugurates New BoG Board
Dr Ernest Addison President Akufo-Addo last Friday inaugurated a newly-constituted 13-member board for the Bank of Ghana and commended them for the effort to enhance domestic gold purchasing. According to
BoG, G+D Pilot Cedi Digitisation
Dr Ernest Addison and Dr. Wolfram Seidemann THE BANK of Ghana has signed an agreement with G+D to implement a pilot CBDC project as a precursor to the issuance of