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Banks decrease minimum deposit required to open current accounts – BoG report

September 3, 2021 A survey of bank charges by the Bank of Ghana for the first quarter 2021 has revealed that the individuals would need at least GHS10 and not more than GHS100 to open a current account with...

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September 3, 2021 / Comments (0)

BoG moves to localise card payment processing

September 1, 2021 In an effort to reduce the cost of processing card transactions, the Bank of Ghana (BoG) has issued guidelines to localize the processing of payment card transactions, which would be...

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September 1, 2021 / Comments (0)

BoG upbeat on inflation outlook despite fiscal risk

August 26, 2021 The Bank of Ghana in its latest inflation outlook has confidently forecasted headline inflation to remain within the medium-term target band of 8±2 percent despite it inching up in the...

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August 26, 2021 / Comments (0)

Resolve high interest rate concerns – Akufo-Addo urges new BoG board

August 23, 2021 President Nana Akufo-Addo has charged the new board of the Bank of Ghana to interrogate the issue of high interest rates in the country. According to the President, a low interest rate for...

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August 23, 2021 / Comments (0)

SMEs’ participation in digital economy key for recovery – Addison

August 19, 2021 Governor of the Bank of Ghana, Dr. Ernest Addison, has said that intensive participation of Small and Medium-scale Enterprises (SMEs) in the digital economy is essential to economic growth,...

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August 19, 2021 / Comments (0)

BoG partners Giesecke+Devrient to pilot digital currency in Ghana

August 18, 2021 The Bank of Ghana has join forces with Giesecke+Devrient (G+D)  to pilot a general-purpose Central Bank Digital Currency (retail CBDC) in Ghana. G+D is providing the technology and...

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August 18, 2021 / Comments (0)

Bank of Ghana revises mergers and acquisitions directive

August 10, 2021 The Bank of Ghana still reserves the sole right to approve any merger, acquisition or transfer of shares and stakes in any regulated financial institution. This is according to the new...

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August 10, 2021 / Comments (0)

GEA sets up department to support MSMEs

August 9, 2021 The Ghana Enterprises Agency (GEA) has established a financial services department (FSD) to design solutions that can help address bottlenecks hindering micro small medium enterprises...

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August 9, 2021 / Comments (0)

Supreme Court rules the BoG’s corporate governance directive is lawful

August 3, 2021 The Supreme Court has dismissed a case filed by the Association of Finance House challenging the Bank of Ghana for issuing corporate governance directives for financial institutions, ruling...

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August 3, 2021 / Comments (0)

Sanity and confidence in banking industry improved significantly – BoG

July 21, 2021 The Bank of Ghana has reiterated that sanity and confidence in the banking industry has improved significantly due to the Corporate Governance directive introduced in 2018 and some other...

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July 21, 2021 / Comments (0)