Bank of Ghana
Tag Archive

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...

Written by:

August 17, 2020 / Comments (0)

Locals banks now more resilient, able to support economic growth agenda – Finance Minister

August 7, 2020 The Finance Minister, Ken Ofori-Atta, says the banking sector reforms undertaken by the government in 2017 and 2018, has strengthened local banks, making them more resilient to shocks....

Written by:

August 7, 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...

Written by:

July 29, 2020 / Comments (0)

Financial institutions falling victim to a new fraud method – BoG

July 13, 2020 The Bank of Ghana (BoG) has served notice that a number of financial institutions are falling victim to a new method being adopted by fraudsters to dupe banks and other financial...

Written by:

July 13, 2020 / Comments (0)

Ghana adds GHS16.9 billion to debt stock in 2020 1st quarter

May 15, 2020 New figures released by the Bank of Ghana show that the country’s debt stock increased by 16.9 billion cedis in the first quarter of 2020, that’s from January to March. The figures,...

Written by:

May 15, 2020 / Comments (0)

Inflation drops to two-month low …hits 7.8% in January

February 13, 2020 The general price level of goods and services has seen a marginal decline ever since it recorded its highest figure after the Ghana Statistical Service (GSS) started applying the new series...

Written by:

February 13, 2020 / Comments (0)

No new banking applications yet — Bank of Ghana

September 25, 2019 The Bank of Ghana (BoG) has stated that it is not processing any application for a fresh banking licence to new entrants into the banking sector. The Governor of the BoG, Dr Ernest Addison,...

Written by:

September 25, 2019 / Comments (0)

‘Renewed confidence in banking sector to spur economic growth’

April 2, 2019 THE Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr Yofi Grant, is optimistic that a rebound in foreign investor confidence in the banking industry will spur...

Written by:

April 2, 2019 / Comments (0)

Central bank stays policy rate on inflation scare

July 24, 2018 After inflation inched up for two consecutive months (May and June), the central bank has decided, at its latest monitoring policy meeting, to maintain its policy rate at 17percent, as a...

Written by:

July 24, 2018 / Comments (0)

Deficit to be capped at 5% of GDP from 2019

July 9, 2018 Government’s budget deficit will be capped at 5 percent of GDP from 2019 as part of measures aimed at preventing fiscal slippages, Vice President Dr. Mahamudu Bawumia has revealed. He...

Written by:

July 9, 2018 / Comments (0)