Lingering impact of COVID-19 causes decline in Ghana’s trade numbers

November 26, 2020 Latest data from the Bank of Ghana’s Summary of Macroeconomic and Financial Data for November 2020, shows that the country as of October 2020 had received $12 billion from its exports...

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November 26, 2020 / Comments (0)

COVID-19 related interventions pushing debt stock to unsustainable levels – BoG Governor

November 24, 2020 Governor of the Bank of Ghana Dr. Ernest Addison has stated that the current debt-to-GDP ratio of 71 percent could be an indication that government is approaching its limit when it comes to...

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November 24, 2020 / Comments (0)

Gov’t baits bond market investors with static policy rate

November 24, 2020 Fiscal rule to be suspended for three years The Monetary Policy Committee (MPC) of the central bank has, for the fourth consecutive time, maintained the policy rate, saying, any slight cut...

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November 24, 2020 / Comments (0)

Air Force to transport money to banks — BoG Governor

September 30, 2020 The Bank of Ghana (BoG) has reached an agreement with the Ghana Air Force to use its fleet, comprising helicopters and aircraft, to airlift money for banks and other financial institutions...

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September 30, 2020 / Comments (0)

We’ve put enough measures in place to stabilize cedi – BoG Governor

September 29, 2020 Governor of the Bank of Ghana, Dr. Ernest Addison has expressed confidence in the ability of the local currency to continue with its impressive streak of relative stability in the short to...

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September 29, 2020 / Comments (0)

BoG orders police vetting of bank staff to curtail fraud

August 17, 2020 To reduce the alarming cases of staff-orchestrated fraud in banks, the regulator – Bank of Ghana – has ordered banks to take a raft of measures, which include taking staff through...

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August 17, 2020 / Comments (0)

BoG hints of recapitalisation –Savings & loans, others targeted

August 12, 2020 DEPOSIT taking institutions could be in for another round of capital injection after the unfolding shock from the novel Coronavirus (COVID-19) pandemic promises to erode their capitals and...

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August 12, 2020 / Comments (0)

BoG to build additional reserves to deal with cedi depreciation

July 29, 2020 The Bank of Ghana says it intends to build additional reserves of up to 300 million cedis to stabilize the country’s currency. This will be a medium-term solution to prevent the free fall...

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July 29, 2020 / Comments (0)

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...

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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...

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June 10, 2020 / Comments (0)