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Sekyere Rural Bank increases profit

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The Sekyere Rural Bank at Jamasi in the Sekyere South District, made significant progress by increasing its profit before tax by 28 per cent. ...
banks

Banking sector has been sanitized – Akufo-Addo

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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,...
Mr Archie Hesse

Remote electronic payment key to Covid-19 fight in 2021

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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

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The Bank of Ghana has signed a Memorandum of Understanding (MOU) with the Monetary Authority of Singapore (MAS) to collaborate in promoting Small and...
banks

Audit Service to surcharge banks

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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

La Community Bank to introduce mobile banking services

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The La Community Bank Limited is to introduce mobile banking services with a dedicated App and USSD Code to bring digital and electronic banking...
Governor of the Bank of Ghana, Dr. Ernest Addison

BoG tasks banks to adopt cyber-secure management policies

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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

ARB Apex Bank opens branch in Koforidua

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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...
ARB Apex Bank Limited

Covid-19: Rural and Community banks remain resilient – Apex Bank

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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...
cedi

It’s illegal to buy or sell GHC 1 notes or coins online-BoG

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The Bank of Ghana says it is illegal for any person or institution to buy or sell one Ghana Cedi notes ...
Ernest Addison

Ghana revises 2020 economic growth forecast upward to 2.5 percent

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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...
Bank of Ghana

Central Bank sees economic growth recovering up to 2. 5 per cent in 2020

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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...
Economic Cagd Staff

CAGD launches “treasury hour” to enhance staff professionalism

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The Controller and Accountant-Generals Department (CAGD) has introduced capacity building programmes for staff to promote continuous professional development and enhance service delivery. ...
Parliament

Minority for calls transparency in collapsed financial institutions

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The Minority in Parliament has called for greater transparency and accountability from government, and in particular the Bank of Ghana (BoG) in the management,...
Bank of Ghana

63 YEARS OF CENTRAL BANKING IN GHANA: ANCHORING MONETARY AND FINANCIAL STABILITY

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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...
Dr Mark Assibey Yeboah

Ghana to have positive economic growth – Assibey-Yeboah

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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...
Bank of Ghana

Monetary Policy Committee keeps policy rate unchanged at 14.5 percent

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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

Vish Ashiagbor testifies in Capital Bank trial

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Prosecution in the trial involving William Ato Essien, Founder of the defunct Capital Bank, has presented Mr Vish Ashiagbor, a Chartered Accountant and the...
Bank of Ghana

BoG urges MSMEs to reposition to lead post-COVID economic recovery

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Mrs Elsie Addo Awadzi, the Second Deputy Governor of the Bank of Ghana, has urged Micro, Small and Medium Enterprises (MSMEs) to reposition to...
Bank of Ghana

BoG expresses worry about widening budget deficit due to COVID-19

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Dr Ernest Addison, the Governor of the Bank of Ghana, has expressed worry about the widening budget deficit due to the coronavirus pandemic, saying...
dr ernest addison governor bank of ghana

BoG has not sanctioned Vodafone to disclose customer details – Dr Addison

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Dr Ernest Addison, Governor of the Bank of Ghana, has told the Public Accounts Committee (PAC) that the central bank was not consulted by...
Fraud Image

Businessman on GH¢150,000.00 bail over GH¢121,000.00 fraud

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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...
Economics Bank Customers

Aggrieved customers of defunct banks threaten to besiege Jubilee House

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A group calling itself Coalition of Aggrieved Customers of ‘collapsed banks’ in the country has given the government a 14-day ultimatum to pay...
Duffour

State add more charges against Dr. Duffour and eight others

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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

Bank of Ghana to promote innovation in financial market

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The Bank of Ghana is working on establishing a sandbox to promote innovation in the financial market and also test some concepts including the...
barrick gold

Gold output from large-scale mining sector up six percent in 2019

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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...
Bank of Ghana

Government receives GHC 5.5 billion first installment of COVID-19 Relief Bond

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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...
Miriam Amissah

Understanding The Basics Of The Financial Market

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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

Bank of Ghana begins purchases of COVID-19 relief bond

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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

Bank of Ghana maintains policy rate at 14.5 per cent

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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...