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Bank of Ghana

Bank of Ghana grants Zeepay Electronic Money Issuer service license

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Zeepay, a leading African fintech, has been granted a license by the Bank of Ghana to operate a full Electronic Money Issuer service otherwise...
Bank of Ghana

BoG urges stakeholders in financial sector to intensify education on electronic payments

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Bank of Ghana (BoG) has encouraged stakeholders in the financial sector to intensify public education and sensitisation on the new electronic payment system including...
Vice President Dr Mahamudu Bawumia

Veep acknowledges adverse effects of COVID-19 on economy

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Vice President Dr Mahamudu Bawumia has acknowledged the adverse effects of COVID-19 on both local and global economies, saying it will result in low...

Veep launches Universal QR Code to promote efficient electronic payment system

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Vice President Dr Mahamudu Bawumia on Wednesday launched the Universal QR Code and Proxy Pay to ensure convenience, efficient and secured electronic payment system...
Bank of Ghana

Bank of Ghana asks banks to seek approval before payment of dividends

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The Bank of Ghana (BoG) has asked banks and Specialised Deposit-Taking Institutions (SDIs) to seek its approval in writing before...
Professor Eric Osei Assibey

Ghana government urged to provide stimulus packages to industries

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Government has been urged to take proactive action to stimulate the economy through the provision of stimulus packages to businesses that are likely to...
Mr Selorm Adadevoh Ceo Of Mtn Ghana

MTN initiates robust measures to safeguard its employers, suppliers and customers against COVID-19

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MTN Ghana has implemented a series of precautionary measures to ensure continuity of services and the safety of its stakeholders including employees, customers, communities...
Bank of Ghana

Bank of Ghana lowers policy rate to 14.5 percent over coronavirus outbreak

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Bank of Ghana has cut its policy rate by 150 basis points to 14.5 percent over fears the coronavirus outbreak could slowdown economic growth...
Bank of Ghana

BOG reduces primary reserve requirement to boost support to economy

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The Bank of Ghana has announced a raft of measures aimed to contain the economic impact of the COVID-19 on the economy and to...
Bank of Ghana

Ghana`s central bank role in enhancing digital/online payments during COVID-19 menace

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Ghana`s central bank, the Bank of Ghana (BoG) must be guided in its monetary sector roles in this COVID-19 menace. Among others, the following...
Bank of Ghana

Bank of Ghana assesses impact of COVID-19 on economy

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The Bank of Ghana says it is assessing the possible impact of the COVID-19 pandemic on domestic economy and it is taking the necessary...
Bank of Ghana

BoG extends minimum capital requirement for Payment System Providers to December

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The Bank of Ghana (BoG) has extended the deadline of meeting the minimum capital requirement for Payment System Providers (PSP) from June to December,...

BoG: Counting machines helps maintain integrity of money business

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Mr Kennedy Adu, Director of Banking Department at the Bank of Ghana (BoG) on Thursday said improved money counting machines will help maintain integrity...
Ernest Addison

Ghana launches new matching platform to improve forex trading

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Ghana will collaborate with a global matching firm Refinitiv to ensure stability and transparency in the foreign exchange (forex) market operations, officials have said. ...
Dr Mahamudu Bawumia

Depositors of savings and loans, microfinance schemes to receive payment

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Vice President Dr Mahamudu Bawumia Tuesday assured depositors of the defunct savings and loans and microfinance institutions, whose funds had...

Bank of Ghana award vindicates President Akufo-Addo – Carlos Ahenkorah

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The Member of Parliament for Tema West, Carlos Kingsley Ahenkorah, has claimed vindication for President Akufo-Addo’s decision to clean up Ghana’s banking sector following...
Bank of Ghana

Bank of Ghana keeps policy rate unchanged at 16 percent

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The Bank of Ghana kept its Policy Rate unchanged at 16.0 percent for the sixth meeting in a row as the Monetary Policy Committee...
Prison

Transform prison for young offenders into skills/rehabilitation centers – Dr Tengey

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Dr Samuel Tengey of the Centre for Capacity Development, Bank of Ghana, has advocated for the transformation of prisons for young offenders into skills/rehabilitation...
Ernest Addison

Adhere to Corporate Governance Standards – BoG

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Dr Ernest Addison, Governor, Bank of Ghana (BoG), has urged owners and directors of banks and other financial institutions to strictly adhere to...

BoG urges Police to help identify hidden unlicensed financial institutions

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The Bank of Ghana (BoG) on Wednesday called on the Police Service to help it to identify hidden and unlicensed financial institutions that might...

Sekyere Rural Bank records impressive profit growth in 2018

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The Sekyere Rural Bank has recorded a huge profit growth of 481 percent in the 2018 financial year. The Bank’s profit before tax this year...

APEX Bank secures eight million dollars to roll-out agency banking

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The ARB Apex Bank has secured eight million dollars in grant from the World Bank to roll-out agency banking operations to expand rural...
court

High Court orders complainants to file defences to Nduom’s case

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An Accra High Court has ordered the Bank of Ghana (BoG), the Attorney-General (AG) and the Receiver of GN Savings and Loans...

Nsoatreman Rural Bank exceeds BoG’s capital requirement

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The Nsoatreman Rural Bank in Sunyani West Municipality of the Bono Region has exceeded the Bank of Ghana’s (BoG’s) capital requirement for Rural and...

BoG, IFEJ train journalists on monetary policy operations

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A training workshop on Monetary Policy and Financial Stability Reporting has been held for members of the Institute of Financial and Economic to improve...
Bank Of Ghana introduces GH¢100, GH¢200 notes and GH¢2 coin

EFF-GH questions Bog Governor Over new cedi denominations

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The Economic Freedom Fighters of Ghana (EFF-GH) following the release and press statement in a conference held in Accra on Friday,29th November,2019 by the...

Government to empower rural banks to boost operations

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The Deputy Managing Director of ARB APEX Bank, Mr Alex Kwasi Awuah, has reassured Ghanaians of government’s commitment to strengthening rural and community banks...

Banks urged to explore partnerships to accelerate digitisation process

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Dr Ernest Addison, the Governor of the Bank of Ghana, has called on banking sector players to seek partnerships to accelerate the pace...
Bank of Ghana

Bank of Ghana to scrutinize compensation policies for bank CEOs

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The Bank of Ghana (BOG) is to begin scrutinizing compensation policies for chief executive officers, key management personnel, and board of directors of universal...
Treasury bills

Ghana Lures Nigerian treasury bills investors with 18 percent rate

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Last week, in line with expectations, the Central Bank of Nigeria (CBN) crashed the stop rates of treasury bills to a single digit and...