Tag: BOG
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BoG Unveils Draft Regulations for Cryptocurrencies and Digital Assets
On August 16, 2024, the Bank of Ghana (BoG) introduced draft regulations to create a comprehensive framework for the country's burgeoning digital asset sector....
Compliance Issues Arise as Forex Bureau Lag Behind BoG’s Ghana Card Directive
Despite the Bank of Ghana's urgent directive requiring all licensed foreign exchange bureaux to verify transactions using the Ghana Card, initial assessments by Citi...
BoG Intensifies Surveillance Over Foreign Currency Accounts Amid Bank Rumors
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has announced that the central bank is closely monitoring the banking sector due...
BoG Clarifies Roles of FinTechs and MTOs in Remittances
The Bank of Ghana (BoG) has provided clarification on the roles of Financial Technology Companies (FinTechs) and Money Transfer Organizations (MTOs) in the remittance...
BoG Reports GH₵10.5 Billion Loss in 2023 Due to Inflation-Fighting Measures
The Bank of Ghana (BoG) has disclosed a GH₵10.5 billion loss for the fiscal year ending 2023, primarily stemming from a substantial surge in...
