New notes not threat to inflation – Economists

December 3, 2019 The introduction of the new high value denominations does not pose any threat to the country’s inflation rate, two economists have said. Although there have been some public concerns that...

Written by:

December 3, 2019 / Comments (0)

All you need to know about the new GH¢100 and GH¢200 notes

November 29, 2019 The Bank of Ghana (BoG) has announced that it is introducing new high-value denominations of the cedi. The high-value denominations are GH¢100 and GH¢200 banknotes. Design of notes The...

Written by:

November 29, 2019 / Comments (0)

Bank of Ghana introduces GH¢100, GH¢200 notes and GH¢2 coin

November 29, 2019 The Bank of Ghana has introduced GH¢100 and GH¢200 notes in the country’s currency denomination mix. It has also introduced GH¢2 coins. This was announced by the Governor of the...

Written by:

November 29, 2019 / Comments (0)

BoG maintains policy rate to keep investor interest

November 27, 2019 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has, once again, maintained the policy rate at 16 percent, as it fears investors will look for other alternate markets that...

Written by:

November 27, 2019 / Comments (0)

Banking sector clean-up: Receivers recover only GH¢1bn

November 26, 2019 Receivers of the nine collapsed banks, PwC and KPMG, have recovered only GH¢1 billion out of a total debt GH¢10.1 billion that were owed the banks by individuals and institutions prior to...

Written by:

November 26, 2019 / Comments (0)

BoG to review compensation of bank CEOs in line with their banks performance

November 26, 2019 The Bank of Ghana (BoG) will begin scrutinising the compensation packages of chief executive officers (CEOs) and key management personnel of banks in a bid to ensure that the banks’...

Written by:

November 26, 2019 / Comments (0)

We need deposit insurance schemes to maintain financial stability- BoG boss

November 21, 2019 The Governor of the Bank of Ghana Dr. Ernest Addison has emphasized the need for the country to adopt deposit insurance schemes to curtail potential effects of bank failures on state...

Written by:

November 21, 2019 / Comments (0)

Government launches new market borrowing guidelines

November 13, 2019 The Vice-President, Dr Mahamudu Bawumia, has launched guidelines for the Global Master Repurchase Agreement (GMRA) and the Ghana Fixed Income Market (GFIM) for repurchase agreements in...

Written by:

November 13, 2019 / Comments (0)

Private sector accounts for GH¢6.7bn of bad loans – Banking sector report

November 7, 2019 Out of the total amount of bad loans that have become an albatross around the neck of banks in the country, the private sector alone accounts for more than 97 percent of it, the Banking...

Written by:

November 7, 2019 / Comments (0)

Re-examine current interest rates – President Akufo-Addo urges BoG

November 7, 2019 President Nana Addo Dankwa Akufo-Addo has asked the Governor of the Bank of Ghana (BoG) to take another look at the existing interest rates in the country. He said a downward review of the...

Written by:

November 7, 2019 / Comments (0)