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Media Commission, NCA sign agreement with stakeholders to sanitise airwaves

June 16, 2021 The National Media Commission (NMC) and the National Communications Authority (NCA) have signed a memorandum of cooperation (MoC) with some stakeholders in the media industry to sanitise...

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June 16, 2021 / Comments (0)

Banking clean up: Payment, recovery to be completed in 24 months – Receiver

June 14, 2021 The Joint Receiver of the collapse banks and microfinance institutions has promised to clear all outstanding claims of the remaining depositors latest by 24 months. According to Mr. Eric...

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June 14, 2021 / Comments (0)

E-cedi: Bank of Ghana to pilot digital currency

June 3, 2021 The Bank of Ghana is in the advanced stages of introducing a digital currency, the Governor of the central bank, Dr Ernest Addison has disclosed. According to the Dr Addison, the e-cedi...

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June 3, 2021 / Comments (0)

Sub-20% interest rates needed for businesses to be competitive – GUTA

June 2, 2021 President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng says until interest rates on loans drop below the 20 percent mark, the recent reduction in the monetary policy...

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June 2, 2021 / Comments (0)

Government wages war on cyber fraud

April 28, 2021 … as BoG, NCA, Police et al set up a fraud control dashboard Vice President Dr. Mahamudu Bawumia has said government is waging an all-out war on cyber fraud, and as a result all relevant...

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April 28, 2021 / Comments (0)

Bank profit growth slows to about 6% in January, February due to COVID-19 – BoG Report

April 28, 2021 A slowdown in the growth in gross loans and advances given out by banks in the first 2 months of 2021 due to pandemic-induced weaknesses, has negatively impacted the interest income of such...

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April 28, 2021 / Comments (0)

BoG tightens noose around dividend payments for banks

April 15, 2021 The Bank of Ghana (BoG) has announced stringent conditions that banks must meet to be able to share their 2020 and 2021 profits with shareholders. The central bank said in a statement that...

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April 15, 2021 / Comments (0)

GHAMFIN to disburse GH¢1.4m to COVID-19-affected MFIs

April 12, 2021 The Ghana Microfinance Institutions Network (GHAMFIN) with its development partner, German Spark Assenstiftung Ghana (SBFIC) have instituted a revolving Credit Fund (RCF) that will see to...

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April 12, 2021 / Comments (0)

Eurobond proceeds to boost cedi stability

April 7, 2021 Market analysts are predicting that proceeds from the 2021 Eurobond issuance will boost the stability of the cedi by helping the Bank of Ghana build up its foreign exchange reserves. The...

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April 7, 2021 / Comments (0)

Bank of Ghana joins Basel Group to set standards for banks globally

April 6, 2021 The Bank of Ghana (BoG) has joined the Basel Consultative Group (BCG), a global body that sets and implements standards on banking supervision globally. The bank said it was admitted into...

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April 6, 2021 / Comments (0)