Tag: Bank Of Ghana
Bank of Ghana launches domestic gold purchase programme
The Bank of Ghana has launched a domestic gold purchase programme to help shore up the country's foreign reserves.
The move will enable the...
Central Bank cannot decline participation in Parliamentary investigations
The Bank of Ghana(BOG) cannot decline participation in parliamentary investigations into the revocation of the banking licences of Unibank and UT Bank,...
Parliament summons ministers over BoG advances, KIA Covid-19 testing
Parliament has summoned Mr Ken Ofori-Atta, the Minister of Finance, to appear before it next Wednesday to brief members on the amount of temporary...
Central Bank of Ghana joins Basel Consultative Group
The Bank of Ghana (BoG) has joined the Basel Consultative Group (BCG), a global body that sets and implements standards on banking supervision.
In a...
Ghanaian Parliament to probe BoG and GSE over collapsed banks
Speaker of Parliament Alban Bagbin has recommended the creation of a seven-member committee to investigate the Bank of Ghana (BoG) and the Ghana Stock...
NDPC launches Ghana’s Microeconomic Model
The National Development Planning Commission (NDPC) in collaboration with Oxford Economics, UK developed a Ghana Microeconomic model, an economic policy document for decision making.
The...
Bank of Ghana launches regulatory and innovation sandbox pilot
The Bank of Ghana has launched a regulatory and innovation sandbox pilot in collaboration with EMTECH Service LLC.
The launch is in line with...
Don’t do business with Chy Mall – EOCO cautions
The Economic and Organised Crime Office (EOCO), has cautioned the public to desist from investing and patronising Chy Mall.
A statement issued by Madam Faustina...
Government’s digitalization Programme making valid and solid case for KGL Technology
Ghana's baseline infrastructure such as Real Time Gross Settlement (RTGs), Automated Teller Machines (ATMs), POS Switches coupled with Mobile Money Interoperability are all aimed...
Sekyere Rural Bank increases profit
The Sekyere Rural Bank at Jamasi in the Sekyere South District, made significant progress by increasing its profit before tax by 28 per cent.
...
Banking sector has been sanitized – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo on Tuesday said sanity has been restored in the Banking Sector of the country.
He said the Bank of Ghana,...
Remote electronic payment key to Covid-19 fight in 2021
Making payments remotely or without contact is proving to be one effective way to deal with Covid-19 as the New Year beckons.
Such...
Bank of Ghana and Monetary Authority of Singapore sign MoU to promote SMEs
The Bank of Ghana has signed a Memorandum of Understanding (MOU) with the Monetary Authority of Singapore (MAS) to collaborate in promoting Small and...
Audit Service to surcharge banks
The Audit Service on Tuesday indicated its readiness to surcharge any participating commercial bank,that defaults in transferring tax receipts collected from the various transit...
La Community Bank to introduce mobile banking services
The La Community Bank Limited is to introduce mobile banking services with a dedicated App and USSD Code to bring digital and electronic banking...
BoG tasks banks to adopt cyber-secure management policies
Dr Ernest Addison, the Governor, Bank of Ghana on Tuesday urged banking institutions to put in place effective cyber risk management policies to...
ARB Apex Bank opens branch in Koforidua
ARB Apex Bank has opened a multi-purpose office building in Adweso, a suburb of Koforidua in the Eastern Region, to provide a safer and...
Covid-19: Rural and Community banks remain resilient – Apex Bank
Rural, and Community banks have been commended for instituting stringent and innovative strategies to remain resilient amid the coronavirus pandemic.
Mr. George Kwaku Annor, Ashanti...
It’s illegal to buy or sell GHC 1 notes or coins online-BoG
The Bank of Ghana says it is illegal for any person or institution to buy or sell one Ghana Cedi notes ...
Ghana revises 2020 economic growth forecast upward to 2.5 percent
Ghana has revised its 2020 economic growth forecast upward to 2.5 percent from the previous 0.9 percent projected in July, the Governor of Bank...
Central Bank sees economic growth recovering up to 2. 5 per cent in 2020
The Bank of Ghana sees an economic growth recovery of up to 2.5 per cent in 2020, underpinned by large fiscal stimulus packages, supportive...
CAGD launches “treasury hour” to enhance staff professionalism
The Controller and Accountant-Generals Department (CAGD) has introduced capacity building programmes for staff to promote continuous professional development and enhance service delivery.
...
Minority for calls transparency in collapsed financial institutions
The Minority in Parliament has called for greater transparency and accountability from government, and in particular the Bank of Ghana (BoG) in the management,...
63 YEARS OF CENTRAL BANKING IN GHANA: ANCHORING MONETARY AND FINANCIAL STABILITY
Introduction
On 1st August 1957, Ghana's central bank, the Bank of Ghana, opened its doors for operations following its establishment on 4th March 1957 under...
Ghana to have positive economic growth – Assibey-Yeboah
Dr Mark Assibey-Yeboah, Chairman, Finance Committee of Parliament, says despite challenges posed by the COVID-19 pandemic, Ghana is projected to have a positive economic...
Monetary Policy Committee keeps policy rate unchanged at 14.5 percent
The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 14.5 percent, citing the need for macroeconomic stability amid...
Vish Ashiagbor testifies in Capital Bank trial
Prosecution in the trial involving William Ato Essien, Founder of the defunct Capital Bank, has presented Mr Vish Ashiagbor, a Chartered Accountant and the...
BoG urges MSMEs to reposition to lead post-COVID economic recovery
Mrs Elsie Addo Awadzi, the Second Deputy Governor of the Bank of Ghana, has urged Micro, Small and Medium Enterprises (MSMEs) to reposition to...
BoG expresses worry about widening budget deficit due to COVID-19
Dr Ernest Addison, the Governor of the Bank of Ghana, has expressed worry about the widening budget deficit due to the coronavirus pandemic, saying...
BoG has not sanctioned Vodafone to disclose customer details – Dr Addison
Dr Ernest Addison, Governor of the Bank of Ghana, has told the Public Accounts Committee (PAC) that the central bank was not consulted by...