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)

2022 budget: Reset fiscal policy to create credible path towards sustainability – BoG to Government

November 1, 2021 Governor of the Bank of Ghana, Dr. Ernest Addison, is urging the government to use the 2022 budget to reset fiscal policy and create a more credible path towards medium-term fiscal...

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November 1, 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)

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...

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September 30, 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...

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September 29, 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....

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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)

Banks decrease minimum deposit required to open current accounts – BOG report

September 13, 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 13, 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)