Bank of Ghana
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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...

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September 28, 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...

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September 27, 2021 / Comments (0)

Exchange rate flexibility can help reduce FX borrowing needs – IMF

September 9, 2021 Allowing for more exchange rate flexibility can help reduce FX borrowing needs, as well as lower the FX risk premium in domestic interest rates, the International Monetary Fund (IMF) has...

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September 9, 2021 / Comments (0)

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)