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Inflation hits 15.7% high amid global turbulences

March 11, 2022 With global crude oil prices remaining elevated and their pass-through effects on ex-pump petroleum prices, utilities and transport, consumer inflation continued its upward ascent as...

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March 11, 2022 / Comments (0)

Banks, financial institutions tell customers to update records with GhanaCard in line with BoG directive

February 23, 2022 Banks and Financial Institution operating in Ghana have reminded customers of the directive by the Bank of Ghana (BoG) regarding the use of of the GhanaCard as the only form of...

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February 23, 2022 / Comments (0)

Debt concerns, inflation push BoG to keep policy rate at 14.5%

February 1, 2022 The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 14.5 percent, citing elevated risk to inflation and debt sustainability challenges which have...

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February 1, 2022 / Comments (0)

Only Ghana Card can be used for all financial services from July 1—BoG directs

January 19, 2022 The Bank of Ghana (BoG) has directed that effective July1, 2022, all financial transactions will be undertaken with the Ghana Card only. A statement released by the central bank said the...

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January 19, 2022 / Comments (0)

BoG to offload US$450m to stabilise cedi in first quarter

January 12, 2022 Quartey calls for export-driven economy The Bank of Ghana has indicated it will pump US$450million into the forex market during the first quarter in a bid to stabilise the local currency...

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January 12, 2022 / Comments (0)

BoG seeks partnership to grow fintech space

December 14, 2021 The Governor of the Bank of Ghana, Dr Ernest Addison, has called for increased partnership between BoG and stakeholders in the financial technology space to help accelerate growth. He said...

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December 14, 2021 / Comments (0)

BoG maintains inflation stance

November 22, 2021 The Bank of Ghana has maintained its stance on consumer inflation, projecting it to remain within the medium-term target of 8 percent with a band of ±2 percent in the near-term – barring...

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November 22, 2021 / Comments (0)

Dr. Ernest Addison calls for integrated approach to improve intra-African payments

November 9, 2021 Governor of the Bank of Ghana, Dr. Ernest Addison has called for a multidimensional integrated solutions approach to tackle the inherent frictions in cross-border payments in Africa....

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November 9, 2021 / Comments (0)

Banks will increase lending as economy picks up – Addison

October 26, 2021 Although private sector credit growth is yet to fully recover to pre-pandemic levels, Bank of Ghana Governor Dr. Ernest Addison is confident that as momentum in economic activity...

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October 26, 2021 / Comments (0)

Value of top 10 non-traditional exports rise by 15% to $316M in second quarter of 2021

October 26, 2021 Data from the Bank of Ghana has revealed that the top 10 non-traditional commodities exported during the second quarter of 2021 saw a 15 percent increase in value. According to the Bank of...

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October 26, 2021 / Comments (0)