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BoG begins online payment service for Collateral Registry System

May 25, 2020 The Bank of Ghana (BoG) has introduced an online payment service for the Collateral Registry web-based system. The move according to the BoG is to address the inconveniences associated with...

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May 25, 2020 / Comments (0)

BoG secures US$1 billion to meet forex demand shocks

May 22, 2020 In a bid to stand ready for any possible excessive demand for the US dollar in the near future, the Bank of Ghana has engaged the U.S. Federal Reserve for a US$ 1 billion repurchase...

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May 22, 2020 / Comments (0)

Gold tops Ghana’s Exports for 1st Quarter-according to latest Bank of Ghana report

May 19, 2020 Gold Export gave Ghana the highest foreign earnings for the first quarter of 2020 as compared to the other major trading commodities. According to the latest Bank of Ghana...

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May 19, 2020 / Comments (0)

Bank of Ghana keeps policy rate at 14.5 percent amid COVID-19

May 18, 2020 The Monetary Policy Committee (MPC) of the Bank of Ghana, has maintained the policy rate at 14.5 percent. This is the first time the rate has been kept unchanged after it was reduced by...

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May 18, 2020 / Comments (0)

BoG bails out gov’t with GH¢10bn to close fiscal gap

May 18, 2020 As part of measures to close the yawning budget deficit gap created by impacts of the coronavirus pandemic, the central bank has triggered its emergency financing provision that will allow...

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May 18, 2020 / Comments (0)

BoG sets up new digital payment supervision, licensing office

May 6, 2020 The Central bank has announced the establishment of a new FinTech and Innovation Office to drive the Bank’s cash-lite, e-payments, and digitisation agenda. The regulatory body said the...

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May 6, 2020 / Comments (0)

BoG issues first Dedicated Electronic Money Issuer license to local fintech

May 2, 2020 The Bank of Ghana (BoG), has authorized its first Dedicated Electronic Money Issuer license, to a local Financial Technology (Fintech) company, Zeepay Ghana Ltd. This move is in line with...

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May 2, 2020 / Comments (0)

Ghana seeks more funds from the World Bank – Akufo-Addo

May 2, 2020 President Nana Addo Danwa Akufo-Addo has said discussions are ongoing between Finance Minister Ken Ofori Atta and officials of the World Bank to raise more funds to deal with the effect of...

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May 2, 2020 / Comments (0)

More banks’ deposits given as loans … as private sector sees increased capital support

April 30, 2020 A new banking sector report (March 2020) published by the Bank of Ghana has shown that more than half of banks’ deposits mobilised between February 2019 and February 2020 went into loans,...

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April 30, 2020 / Comments (0)

KPMG cautions against misuse of government stimulus package

April 27, 2020 A senior partner at KPMG Ghana, Anthony Sarpong is advising businesses that may benefit from the government’s stimulus package to spend it in critical projects that will help in reviving...

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April 27, 2020 / Comments (0)