BoG confident of stable cedi despite 2.4% depreciation

July 1, 2020 In spite of the annihilative impact of the coronavirus pandemic on the country’s local currency, making it record its highest depreciation against the US dollar since the beginning of the...

Written by:

July 1, 2020 / Comments (0)

EXPOSED: Banks caught in major violations

June 10, 2020 Changes made to loan agreements without notice Borrowers not provided pre-agreement contracts Exposing customer details to third parties Unfriendly environment for the physically challenged...

Written by:

June 10, 2020 / Comments (0)

BoG declares no dividend for 2019 despite GH¢1.8bn profit

June 10, 2020 The Bank of Ghana posted a profit of 1.8 billion cedis for 2019. This is about twice the operating loss of 793 million cedis it recorded in 2018. This has largely been attributed to the...

Written by:

June 10, 2020 / Comments (0)

BoG announces measures to boost liquidity in financial sector

May 31, 2020 The Bank of Ghana (BoG) has announced some measures to boost liquidity to the special deposit institutions (SDI) in the country. This is to enable the institutions to support their...

Written by:

May 31, 2020 / Comments (0)

BoG secures US$1 billion to meet forex demand shocks

May 22, 2020 In a bid to stand ready for any possible excessive demand for the US dollar in the near future, the Bank of Ghana has engaged the U.S. Federal Reserve for a US$ 1 billion repurchase...

Written by:

May 22, 2020 / Comments (0)

BoG bails out gov’t with GH¢10bn to close fiscal gap

May 18, 2020 As part of measures to close the yawning budget deficit gap created by impacts of the coronavirus pandemic, the central bank has triggered its emergency financing provision that will allow...

Written by:

May 18, 2020 / 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)

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)

BoG withdraws licences of 9 banks-Injects GH¢12bn to protect depositors

January 8, 2019 The Bank of Ghana (BoG) has completed a major clean-up of the banking sector, in the course of which the licences of nine banks have been withdrawn and over GH¢12 billion spent to protect...

Written by:

January 8, 2019 / Comments (0)

Bank of Ghana could cut interest rates by March – Dr. Ernest Addison

December 13, 2018 Ghana could cut interest rates early next year if inflation continues to drift lower, the central bank Governor said on Tuesday. “I can easily see the policy rate going further down,”...

Written by:

December 13, 2018 / Comments (0)