Bank Of Ghana Archives

Adhere to Corporate Governance Standards – BoG

Ghana News Agency - Jan 16, 2020 0

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

Ghana News Agency - Jan 15, 2020 0

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

Ghana News Agency - Jan 14, 2020 0

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

Ghana News Agency - Dec 29, 2019 0

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

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

Ghana News Agency - Dec 20, 2019 0

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

Ghana News Agency - Dec 19, 2019 0

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

Ike Dzokpo - Dec 11, 2019 0

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

Ike Dzokpo - Dec 6, 2019 0

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

Ghana News Agency - Dec 5, 2019 0

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

Ghana News Agency - Nov 28, 2019 0

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 to scrutinize compensation policies for bank CEOs

Ike Dzokpo - Nov 26, 2019 0

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

Ghana Lures Nigerian treasury bills investors with 18 percent rate

News Ghana - Nov 21, 2019 0

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

Ghana Deposit Protection Scheme to commence in December

Ike Dzokpo - Nov 14, 2019 0

Mr Ken Ofori-Atta, Financial Minister has said the completion of reform exercise within the Banks and specialized deposit-taking institutions (SDIs) in August has...

Introduction of the Repurchase Agreements, a game changer for the financial markets-Veep

Ghana News Agency - Nov 13, 2019 0

Vice President Dr Mahamudu Bawumia on Tuesday launched the Guidelines for the Global Master Repurchase Agreement (GMRA) and the Ghana Fixed Income Market (GFIM)...

Verve Cross Border Launch – Address By Mike Ogbalu III

News Ghana - Oct 27, 2019 0

Good morning esteemed ladies and gentlemen, partners, colleagues in the financial industry and distinguished members of the Press. I want to recognize the presence of...

Ghana government misses fiscal deficit target

News Ghana - Sep 23, 2019 0

Provisional data on the execution of the 2019 budget shows, the government has missed its fiscal deficit target for the first seven months. According to...

Ghana central bank keeps 16 percent policy rate

xinhuanet.com - Sep 20, 2019 0

Ghana's central bank has kept its indicative policy rate at 16 percent for the fourth consecutive time, after reducing it to this level in...

Ghana introduces regulatory measures to secure electronic money transactions

xinhuanet.com - Sep 15, 2019 0

Electronic money platform operators in Ghana will abide by separate regulatory requirements to enhance operations and secure the platforms for users, the central bank...

Public Procurement Authority Boss Caught in Contract Sale

News Ghana - Aug 22, 2019 2

The question was direct. And the denial was categorical. “Is it your company?” “No!” “Then how do you know the company?” “It’s my cousin,” said A.B. Adjei, the...

MTN moves to sustain the Growth of Mobile Financial Services in Ghana

Ike Dzokpo - Aug 8, 2019 0

As part of MTN’s 10th anniversary of the Mobile Money (MoMo) service, the company has taken another judicious step by organizing second stakeholders’...

Depositors of insolvent microfinance companies to receive payments today

Charity Bartels - Jun 7, 2019 0

Bank of Ghana’s appointed Receiver for the 347 insolvent and dormant microfinance companies, Eric Nana Nipah, will Friday start paying depositors of the companies. A...

BoG Closes Down 347 Of Its Microfinance Firms Permanently: What’s Next?

News Ghana - Jun 3, 2019 0

The Bank of Ghana (BoG), Ghana`s central bank and regulator of the banking sector has revoked the license of 347 (72%) of its total...

Ghana’s Banking Crisis Part 1 The Blame Fits BoG

News Ghana - Jun 1, 2019 0

The current crises within Ghana’s banking sector has left us all perplexed; with many unanswered questions. On one hand we are being asked not...

Bank of Ghana revokes licenses of hundreds of financial institutions amid financial clean-up

xinhuanet.com - Jun 1, 2019 0

Ghana's central bank announced here late Friday the withdrawal of the licenses of 386 Non-Bank Financial Institutions (NBFIs) which have become bankrupt. ...

Ghana stays its benchmark lending rate at 16 pct, to check inflation

xinhuanet.com - May 29, 2019 0

In its bid to sustain growth in the economy and hold inflation in check, the Monetary Policy Committee (MPC) of Ghana’s central bank...

From next month clients are likely to pay more for any service?rendered to them by a bank.

Ghana’s banking sector reforms yielding positive results

xinhuanet.com - May 20, 2019 0

The coming into force of the new rules by Bank of Ghana on the operation of banks has helped salvage the fortunes of the...

Banks urged to support Ghana’s Oil Sector Growth

Ghana News Agency - May 19, 2019 0

Mr Osei Gyasi, the Head of Banking Supervision of the Bank of Ghana, has urged banks to meaningfully support growth of the oil sector...

BoG prohibits pricing in foreign currency in Ghana

Charity Bartels - May 13, 2019 0

Regulator of Ghana's Financial sector, Bank of Ghana (BoG), has issued a statement prohibiting the charging and pricing of goods and services contracted...

Bank of Ghana to introduce upgraded banknotes

Ghana’s Upgraded Cedi Notes

News Ghana - Apr 12, 2019 1

The Bank of Ghana has released a clearer version of the upgraded cedi notes due to start circulation on May 6. The notes were signed...

Bank of Ghana has no idea how much upgraded cedi notes will cost

News Ghana - Apr 9, 2019 0

The Bank of Ghana says it is yet to determine the estimated cost of the introduction of security enhanced features of new currencies. The Central...

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Tag: Bank Of Ghana