Finance minister leads delegation to IMF/WB annual meetings

October 16, 2019 The Minister of Finance, Mr Ken Ofori-Atta, is the leader of Ghana’s delegation to the International Monetary Fund (IMF) / World Bank annual meetings which takes place this week, October...

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October 16, 2019 / Comments (0)

Except NIB, all 5 GAT banks now fully capitalised…..Policy rate again maintained at 16%

September 24, 2019 With exception of the National Investment Bank (NIB), all banks operating in the country have now met the GH¢400million capitalisation as the banks under government’s bail-out plan have...

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September 24, 2019 / Comments (0)

Record low inflation won’t cut policy rate

September 20, 2019 Despite data from the Ghana Statistical Service (GSS) showing that inflation has hit a record low after rebasing, breaking a 27-year record, it will not be enough grounds for the Monetary...

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September 20, 2019 / Comments (0)

Moves to boost depositors’ confidence: Deposit Insurance Protection Corporation starts operations Oct.

September 17, 2019 The Deposit Insurance Protection Corporation (DIPC) will become fully operational on October 1, 2019, as part of moves to further boost depositors’ confidence and seal the reform process...

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September 17, 2019 / Comments (0)

BoG sets Feb 2020 deadline for RCBs/MFIS to meet minimum capital

August 22, 2019 The Bank of Ghana (BoG) has sent a final notice to Rural and Community Banks (RCBs) and Microfinance institutions to comply with the GH¢2million minimum capital requirement, before 28th...

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August 22, 2019 / Comments (0)

BoG revokes licenses of 23 S&L companies

August 19, 2019 The Bank of Ghana has finally put paid on insolvent savings and loans companies, with renowned ones including GN Savings and Loans and Ideal Finance been part of the 23 banks whose licenses...

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August 19, 2019 / Comments (0)

Gov’t officials to use cards during travels – Bawumia …as GhIPSS unveils e-zwich/gh-link dual card

August 9, 2019 All government officials who travel on assignment outside the country will soon be required to use a credit and debit card in their transactions in a bid to ensure accountability and...

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August 9, 2019 / Comments (0)

BoG holds policy rate over stability concerns

July 22, 2019 The central bank has, for the third consecutive time, maintained the country’s policy rate – citing risks to macroeconomic stability brought on by increments in utility tariffs, subdued...

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July 22, 2019 / Comments (0)

Inflation drops marginally for first time in 2019

June 14, 2019 The general price levels of goods and services has dropped marginally for first time since beginning of the year, the Ghana Statistical Service (GSS) data have shown. The GSS release,...

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June 14, 2019 / Comments (0)

Exporters encouraged to repatriate export proceeds

June 14, 2019 Exporters have been encouraged to repatriate proceeds from merchandise exports in compliance with the provisions of Section 15 of the Foreign Exchange Act, 2006 (Act 723) which relates to...

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June 14, 2019 / Comments (0)