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Bank of Ghana maintains policy rate for 3rd consecutive time at 14.5%

September 29, 2020 The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 14.5 percent after a similar decision in May and July of this year. This makes it the third consecutive...

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September 29, 2020 / Comments (0)

We’ve put enough measures in place to stabilize cedi – BoG Governor

September 29, 2020 Governor of the Bank of Ghana, Dr. Ernest Addison has expressed confidence in the ability of the local currency to continue with its impressive streak of relative stability in the short to...

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September 29, 2020 / Comments (0)

We’ve put in stringent measures to minimize fraud – Ghana Assoc. of Bankers

September 9, 2020 The President of the Ghana Association of Bankers, Alhassan Andani, has assured the general public of safety within the banking sector despite the increase in fraud cases. This follows new...

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September 9, 2020 / Comments (0)

Remittances into Ghana shoot up despite impact of COVID-19 on jobs abroad

August 26, 2020 Data from the Bank of Ghana made available to Citi Business News shows that the flow of remittances into the country went up marginally within the first half of the year, compared to the...

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August 26, 2020 / Comments (0)

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...

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August 17, 2020 / Comments (0)

Fraud cases in banking sector increase by 5.5 percent in 2019–BoG report

August 13, 2020 New figures released by the Bank of Ghana show that fraud cases in the banking sector increased to 2,295 from 2,175, representing 5.5 percent in 2019. The marginal increase in the number of...

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August 13, 2020 / Comments (0)

BoG hints of recapitalisation –Savings & loans, others targeted

August 12, 2020 DEPOSIT taking institutions could be in for another round of capital injection after the unfolding shock from the novel Coronavirus (COVID-19) pandemic promises to erode their capitals and...

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August 12, 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...

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July 29, 2020 / Comments (0)

Gov’t’s 2020 GDP growth revised to 0.9 from 6.8%

July 24, 2020 Huge revenue losses associated with the outbreak of COVID-19 and projected losses due to the impact of the pandemic has pushed government to downgrade its Gross Domestic Product (GDP)...

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July 24, 2020 / Comments (0)

Ken Ofori-Atta to present Mid-year budget review on July 23

July 17, 2020 Ghana’s Finance Minister is expected to present a review of the mid-year budget before Parliament on Thursday, July 23, 2020, Citi Business News reports. In accordance with...

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July 17, 2020 / Comments (0)