BoG
Tag Archive

BoG confident of stable cedi despite 2.4% depreciation

July 1, 2020 In spite of the annihilative impact of the coronavirus pandemic on the country’s local currency, making it record its highest depreciation against the US dollar since the beginning of the...

Written by:

July 1, 2020 / Comments (0)

Total revenue falls short by GH¢3.59bn in first quarter

June 23, 2020 During the period under review, total revenue and grants amounted to GH¢10.35 billion, which is lower than the target of GH¢13.94 billion. This outturn represented a 1.0 per cent...

Written by:

June 23, 2020 / Comments (0)

UniBank collapse: Charges against Duffuor and others amended from 68 to 71

June 19, 2020 The State has amended its charges against the Founder of defunct Unibank, Dr. Kwabena Duffuor and some former executives over their alleged roles in the bank’s collapse. The one-time...

Written by:

June 19, 2020 / Comments (0)

Gov’t plans to issue GH¢17,837 securities – BoG announces

June 16, 2020 For the period between June to August this year, the Government plans to issue securities to the tune of GH¢17,837.87 million (gross), of which GH¢15,806.61 million is to rollover...

Written by:

June 16, 2020 / Comments (0)

SEC in talks with MoF to secure comprehensive solution in paying defunct investment banks’ clients

June 15, 2020 The Securities and Exchange Commission (SEC) is in talks with the Ministry of Finance to secure a comprehensive solution for customers of the defunct investment banks who have their monies...

Written by:

June 15, 2020 / Comments (0)

EXPOSED: Banks caught in major violations

June 10, 2020 Changes made to loan agreements without notice Borrowers not provided pre-agreement contracts Exposing customer details to third parties Unfriendly environment for the physically challenged...

Written by:

June 10, 2020 / Comments (0)

BoG declares no dividend for 2019 despite GH¢1.8bn profit

June 10, 2020 The Bank of Ghana posted a profit of 1.8 billion cedis for 2019. This is about twice the operating loss of 793 million cedis it recorded in 2018. This has largely been attributed to the...

Written by:

June 10, 2020 / Comments (0)

IEA backs BoG’s GH¢10bn bailout decision, Commends it for interventions to support private sector

June 8, 2020 The Institute of Economic Affairs (IEA) has commended the Bank of Ghana’s measures introduced to support banks and the economy deal with impacts from the coronavirus pandemic, including...

Written by:

June 8, 2020 / Comments (0)

BoG announces measures to boost liquidity in financial sector

May 31, 2020 The Bank of Ghana (BoG) has announced some measures to boost liquidity to the special deposit institutions (SDI) in the country. This is to enable the institutions to support their...

Written by:

May 31, 2020 / Comments (0)

BoG releases GH¢5.5 billion to support Covid-19 fight

May 29, 2020 The Bank of Ghana (BoG) has released the first tranche of GH¢5.5 billion of the GH¢10 billion emergency facility the government is seeking to support residual expenditures to cushion the...

Written by:

May 29, 2020 / Comments (0)