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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...
Bank of Ghana

Ghana adds GHS 16.9 billion to debt stock in 2020 1st quarter

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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...
Mr Kojo Oppong Nkrumah Minister Of Information

Minister petitions BoG, NMC about “money doublers” on television

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Information Minister Kojo Oppong Nkrumah has petitioned the Bank of Ghana (BoG) and National Media Commission( NMC) about the activities of "money doublers"...
Ghana Cedi

Suspension Of Dividend Payment By Banks: Implications And Effects

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The Bank of Ghana has recently instructed banks in Ghana not to pay dividends to shareholders for the 2019 and 2020 financial years because...
world bank

Ghana obtains US$500 million debt repayment freeze from World Bank

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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

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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

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...

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...