Bank of Ghana
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MoMo transactions exceed cheques’ by GH¢389 billion in 2020

February 15, 2021 The total value of mobile money transactions far exceeded the value of those of cheque by GH¢389 billion last year, data from the Bank of Ghana has revealed. Whilst the total...

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February 15, 2021 / Comments (0)

Pandemic’s new wave pushes BoG to stay policy rate again

February 2, 2021 For the fifth consecutive time, the Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at its current rate of 14.5 percent, following risks to inflation and...

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February 2, 2021 / Comments (0)

Ghana’s trade surplus hits US$2 billion in 2020

February 2, 2021 Despite the impact of coronavirus pandemic on global economies, Ghana recorded a trade surplus of US$2.015 billion in 2020, data from the Bank of Ghana has revealed. This was...

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February 2, 2021 / Comments (0)

Cedi posts election-year milestone

January 12, 2021 The cedi broke its own record last year by weathering the perennial pressures and anxieties associated with elections to post a depreciation rate that is the healthiest in all election...

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January 12, 2021 / Comments (0)

GH¢21 billion spent on banking sector clean-up – Akufo-Addo

January 6, 2021 The government expended GH¢21 billion to clean up the banking sector, the President, Nana Akufo-Addo has announced. Delivering his final ‘State of the Nation’ address to the...

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January 6, 2021 / Comments (0)

BoG Governor confident of cedi’s stability in 2021 after 3.8% depreciation in 2020

January 5, 2021 Governor of the Bank of Ghana, Dr. Ernest Addison is confident the reserves it has amassed so far, coupled with other measures to be implemented by the government in 2021 should see the...

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January 5, 2021 / Comments (0)

Cedi remains stable amid political impasse, Christmas season

December 22, 2020 Analyst says outlook still positive It would have ordinarily been expected that at this moment the local currency would be fast depreciating against the US dollar, considering the current...

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December 22, 2020 / Comments (0)

Bank of Ghana, Monetary Authority of Singapore sign agreement to promote SMEs

December 11, 2020 Ghana’s central bank and the Monetary Authority of Singapore (MAS) have signed a Memorandum of Understanding (MoU) to collaborate in promoting Small and Medium-sized Enterprises (SMEs)...

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December 11, 2020 / Comments (0)

BoG addresses digital payment needs of SMEs

December 10, 2020 The Bank of Ghana (BoG) has established a new merchant payment system that will introduce a tiered account structure to ensure that small and medium enterprises (SMEs) are able to...

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December 10, 2020 / Comments (0)

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)