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
Govt Borrows GH¢2.9bn For June-August
Dr. Ernest Addison – Governor of BoG GOVERNMENT HAS announced it plans to issue a gross amount of GH¢21,960.00 million, of which GHȼ19,864.43 million is to rollover maturities. The remaining GH¢2,095.57 million is fresh issuance
Banking Sector Flexible
BoG Governor Dr. Ernest Addison sandwiched by his deputies Elsie Addo Awadzi and Dr. Maxwell Opoku-Afari THE BANKING sector maintained its resilience through to end-April 2021, with strong growth in
Public Debt Records GH¢304.6bn
Dr. Ernest Addison – Governor of BoG GHANA’S STOCK of public debt shot to GH¢304.6 billion at the end of March 2021, compared with GH¢292.7 billion at the end of
BoG Appoints Primary Dealers, Bond Market Specialists
Dr Ernest Addison, BoG Governor THE CENTRAL Bank has selected some seventeen (17) banks and non-banks to operate as primary dealers. It has also chosen nine (9) out of the
Banking Sector Assets Grow To GH¢152bn
Dr. Ernest Addison, BOG Governor TOTAL BANKING sector assets as at end-February, 2021 increased by 18.5 per cent year-on-year to GH¢152.0 billion, marginally higher than the annual growth of 17.8
BoG Directs Banks, SDIs Not To Pay Dividends
Dr. Ernest Addison, BoG Governor THE BANK of Ghana has directed banks and special deposit-taking institutions (SDIs) to desist from declaring or paying dividends or distributing reserves to shareholders. It
BoG Admitted Into Basel Consultative Group
Dr Ernest Addison, BoG Governor THE BANK OF GHANA says it has has been admitted as a member of the Basel Consultative Group (BCG). This brings Ghana into the