BoG
Tag Archive

BoG revises sanctions for dud cheques issuance

March 15, 2021 The central bank says it has revised the sanctioning regime in respect of the issuance of dud cheques for strict compliance by banks and specialised deposit-taking institutions (SDIs)....

Written by:

March 15, 2021 / Comments (0)

Government seeks $5.5 billion to settle remaining clients of defunct FMCs

March 15, 2021 The government is seeking the approval of US$5.5 billion to complete payment of the bailout packages to the remaining customers of defunct fund management companies who are yet to be...

Written by:

March 15, 2021 / Comments (0)

Ghana cedi expected to be stable for the rest of 2021

February 25, 2021 Senior Economic Analyst with Databank, Courage Kingsley Martey, is confident the cedi will sustain its stability throughout the year 2021. The cedi, which began the year selling at 5 cedis...

Written by:

February 25, 2021 / Comments (0)

BoG measures to curb cyberfraud, boost customer confidence—Report

February 24, 2021 A new report by the Institute of Customer Service Professionals (ICSP), titled ‘The State of Customer Service in Ghana’, has disclosed that measures outlined by the Bank of Ghana (BoG)...

Written by:

February 24, 2021 / Comments (0)

Government accepts GH¢3 billion for 2-year bond as investor interest grows

February 22, 2021 Government accepted GH¢3.0 billion from the 2-year bond auctioned last Thursday as there were immense foreign investor participation in the debt instrument. Auction result from...

Written by:

February 22, 2021 / Comments (0)

Banks borrowed GH¢2.57bn from BoG in pandemic year

February 16, 2021 A 195% increase from GH¢872.96m Analysts blame COVID-19’s impact on businesses Within a period of one year, liquidity support from the central bank to the banking industry...

Written by:

February 16, 2021 / Comments (0)

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...

Written by:

February 15, 2021 / Comments (0)

T-Bills oversubscribed at 96 percent; interest rates fall

February 10, 2021 Latest figures from the Central Bank of Ghana have shown some high falls in treasury rates with a recorded value of 96 percent oversubscription in the recent treasury bills sales. According...

Written by:

February 10, 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...

Written by:

February 2, 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...

Written by:

January 6, 2021 / Comments (0)