Dr. Ernest Addison Governor of the central bank, Dr Ernest Addison, has pointed out that the ineffectiveness of the bank was responsible for the decay in Ghana’s financial sector, which
BoG Keeps Policy Rate At 14.5%
Dr. Ernest Addison The Bank of Ghana (BoG) has maintained the monetary policy rate at 14.5 percent. The policy rate is the rate at which the Central Bank lends money
Public Debt Hits GH¢258.0 Billion
Dr. Ernest Addison, Governor of BoG The public debt stock in Ghana increased to GH¢258.0 billion as at the end of June 2020. This was made known by the Bank
Total Asset Base Of Banking Sector Remains Strong – BoG
Bank of Ghana (BoG) has indicated that the total asset base of commercial banks in Ghana continue to remain strong despite the economic challenges posed by the outbreak of the
BoG Urges MSMEs To Lead Economic Recovery
Elsie Addo Awadzi THE BANK of Ghana (BoG) has called on micro, small, and medium-sized enterprises (MSMEs) to strive to reposition themselves to lead in Ghana’s post-Covid-19 economic recovery. Elsie
BoG Forecasts Decline In 2nd Quarter Inflation
Dr Ernest Addison THE CENTRAL BANK has indicated that although headline inflation rose significantly in April, driven by panic food buying ahead of the partial lockdown as part of the
BoG Works On Establishing Digital Currency
Dr Maxwell Opoku-Afari DR. MAXWELL Opoku-Afari, First Deputy Governor of the Bank of Ghana, says the bank is working on establishing a sandbox to promote innovation in the financial market
BoG Holds Virtual Stakeholder Workshop On Payment Systems
Dr. Maxwell Opoku-Afari The Bank of Ghana (BoG) has held a virtual stakeholder workshop on Payment Systems and Service Act, 2019 (ACT 987). The workshop was held on June 2,
Gov’t To Access Emergency Funds From BoG
Ken Ofori-Atta THE MINISTER of Finance, Ken Ofori-Atta, has submitted to Parliament the report on government’s decision to access emergency financing from the Bank of Ghana (BoG) consistent with the
BoG Introduces Online Payment System For Collateral Registry
Dr. Ernest Addison The Central Bank of Ghana has introduced an online payment platform for the Collateral Registry System. The Bank made this known on May 22, in a statement
BoG Provides Liquidity Support to Banks
Kojo Oppong Nkrumah THE INFORMATION Minister, Kojo Oppugn Nkrumah says the Bank of Ghana (BoG) has announced provision of liquidity support to banks, savings and loan companies, and financial houses
Trade Balance Records $936.4m Surplus – BoG
Dr. Ernest Addison Ghana’s trade surplus has been surged by 1.4 per cent in the first quarter of this year to a new record after a marginal fall in export
BoG Maintains Policy Rate At 14.5%
The Bank of Ghana (BoG) has maintained the lending rate at 14.5 per cent. Governor of the Central Bank, Dr. Ernest Addison, made this known in a Live Facebook address