Tag: Bank Of Ghana
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...
Businessman on GH¢150,000.00 bail over GH¢121,000.00 fraud
An Accra Circuit Court has granted a GH¢150,000.00 bail with two sureties to be justified to a businessman for allegedly defrauding a banker of...
Aggrieved customers of defunct banks threaten to besiege Jubilee House
A group calling itself Coalition of Aggrieved Customers of ‘collapsed banks’ in the country has given the government a 14-day ultimatum to pay...
State add more charges against Dr. Duffour and eight others
The state has added to the charges against Dr Kwabena Duffour former Minister of Finance and Governor of the Bank of Ghana, and eight...
Bank of Ghana to promote innovation in financial market
The Bank of Ghana is working on establishing a sandbox to promote innovation in the financial market and also test some concepts including the...
Gold output from large-scale mining sector up six percent in 2019
Gold output from the large-scale mining sector increased six percent to 2.989 million ounces in 2019 from 2.807 million ounces in 2018, according to...
Government receives GHC 5.5 billion first installment of COVID-19 Relief Bond
The Bank of Ghana has released an amount of GHC 5.5 billion as first tranche of the GHC 10 billion of the COVID-19 Relief...
Understanding The Basics Of The Financial Market
Financial markets have been recognized as key factors in stimulating growth in economies, particularly in the flow of funds to finance investments by individuals,...
Bank of Ghana begins purchases of COVID-19 relief bond
The Bank of Ghana says it has begun the purchase of Government of Ghana COVID-19 relief bond with a face value of GH¢5.5 billion...
Bank of Ghana maintains policy rate at 14.5 per cent
The Bank of Ghana has kept the policy rate unchanged at 14.5 per cent, citing risks to inflation outlook following the recent jump in...
Ghana adds GHS 16.9 billion to debt stock in 2020 1st quarter
New figures released by the Bank of Ghana show that the country’s debt stock increased by 16.9 billion cedis in the first quarter of...
Minister petitions BoG, NMC about “money doublers” on television
Information Minister Kojo Oppong Nkrumah has petitioned the Bank of Ghana (BoG) and National Media Commission( NMC) about the activities of "money doublers"...
Suspension Of Dividend Payment By Banks: Implications And Effects
The Bank of Ghana has recently instructed banks in Ghana not to pay dividends to shareholders for the 2019 and 2020 financial years because...
Ghana obtains US$500 million debt repayment freeze from World Bank
President Nana Addo Dankwa Akufo-Addo has announced that Ghana has obtained a $500-million dollar freeze in debt and interest repayment for the rest...
Bank of Ghana donates GH¢10 million to COVID-19 fund
The Bank of Ghana has presented a cheque for GH¢10 million to the COVID-19 National Trust Fund.
The amount is in support of the national...
Bank of Ghana grants Zeepay Electronic Money Issuer service license
Zeepay, a leading African fintech, has been granted a license by the Bank of Ghana to operate a full Electronic Money Issuer service otherwise...
BoG urges stakeholders in financial sector to intensify education on electronic payments
Bank of Ghana (BoG) has encouraged stakeholders in the financial sector to intensify public education and sensitisation on the new electronic payment system including...
Veep acknowledges adverse effects of COVID-19 on economy
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
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 asks banks to seek approval before payment of dividends
The Bank of Ghana (BoG) has asked banks and Specialised Deposit-Taking Institutions (SDIs) to seek its approval in writing before...
Ghana government urged to provide stimulus packages to industries
Government has been urged to take proactive action to stimulate the economy through the provision of stimulus packages to businesses that are likely to...
MTN initiates robust measures to safeguard its employers, suppliers and customers against COVID-19
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 lowers policy rate to 14.5 percent over coronavirus outbreak
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...