BoG buys first gold in 60 years: Plans to purchase 540kg with GH¢200m in 2021

September 30, 2021 For the first time in about 60 years, the Bank of Ghana (BoG) has purchased gold to augment its gold reserves and shore up the country’s foreign assets. The bank bought 280 kilogrammes of...

Written by:

September 30, 2021 / Comments (0)

GTA introduces initiatives to boost domestic tourism

September 29, 2021 The Ministry of Tourism, Arts and Culture through its implementing agency, Ghana Tourism Authority (GTA), has initiated innovative and progressive interventions geared toward sustainable...

Written by:

September 29, 2021 / Comments (0)

BoG steps up fight against electronic fraud

September 29, 2021 A centralised cyber security system has been set up by the Bank of Ghana (BoG) as part of its enhanced effort to deal with electronic fraud and cyber risks in the banking sector. Known as...

Written by:

September 29, 2021 / Comments (0)

Big push for 2022 budget – Benefits from $1bn free IMF money

September 28, 2021 The country is set to inject about US$300 million from its share of the specially created free funds from the International Monetary Fund (IMF) into the 2022 budget. The amount is a third...

Written by:

September 28, 2021 / Comments (0)

BoG maintains policy rate at 13.5% for third time

September 28, 2021 The Monetary Policy Committee of the Bank of Ghana (BoG) has maintained the policy rate at 13.5%. The policy rate is the rate at which the Central Bank lends to commercial banks in the...

Written by:

September 28, 2021 / Comments (0)

Ghanaians to use more coins as BoG plans to phase out GH¢1 and GH¢2 notes

September 28, 2021 The GH¢1 and GH¢2 notes will soon be phased out of the Ghanaian economy. This was made known by the Governor of the Central Bank, Dr, Ernest Addison on Monday, September 27, 2021. Dr....

Written by:

September 28, 2021 / Comments (0)

THE SOLUTIONS: Digital Non-Financial Services that build sustainable SMEs

September 28, 2021 Evidence suggests that SMEs account for 90% of all jobs and contribute about 40% to GDP in most African economies. To this end several SME support mechanisms exist in the region to assist...

Written by:

September 28, 2021 / Comments (0)

Benefits under AfCFTA meaningless without local incentives

September 28, 2021 as AfCFTA hints of zero tariff for cocoa products to continental market It is crucial for the government to provide the required incentives to allow local and small processors to enable...

Written by:

September 28, 2021 / Comments (0)

Bisa Technologies, GIZ develop app to make healthcare easily accessible

September 27, 2021 Bisa Technologies, one of Ghana’s leading software developing companies, has developed a new free mobile health application to provide public education on Covid-19 and respond to pressing...

Written by:

September 27, 2021 / Comments (0)

Ghana’s debt stock hits GH¢336 billion; debt-to-GDP ratio now 76.4% – BoG

September 27, 2021 Latest figures released by the Bank of Ghana indicate that in two months, the country’s public debt stock has increased by GH¢3.5 billion. By this, Ghana’s total public debt stock...

Written by:

September 27, 2021 / Comments (0)