BoG
Tag Archive

Government, banking consultant back BoG move

August 2, 2018 Moments after the announcement of the revocation of the licences and subsequent merger of the five local banks by the Bank of Ghana (BoG), Banking Consultant, Nana Otuo Acheampong, backs...

Written by:

August 2, 2018 / Comments (0)

Economy growing stronger – BoG

July 31, 2018 Bank of Ghana Governor Dr Ernest Addison, has said the Ghanaian economy is recording strong growth. The economy, he explained, grew with a 6.8 per cent Gross Domestic Product (GDP) in the...

Written by:

July 31, 2018 / Comments (0)

15 Banks ready to recapitalise – 17 Still on capital hunt

July 24, 2018 Fifteen out of the 32 banks are now in line to recapitalise to GH¢400 million by December this year. The fate of the remaining 17 is still unknown, barely six months to the end of the...

Written by:

July 24, 2018 / Comments (0)

Central bank stays policy rate on inflation scare

July 24, 2018 After inflation inched up for two consecutive months (May and June), the central bank has decided, at its latest monitoring policy meeting, to maintain its policy rate at 17percent, as a...

Written by:

July 24, 2018 / Comments (0)

NPLs reach GH¢8.6bn record high – BoG report

July 10, 2018 Despite moves by the central bank to sanitise the banking sector, the industry’s asset quality remains a source of concern as the Non-Performing Loans (NPLs) ratio remain high, the...

Written by:

July 10, 2018 / Comments (0)

BoG signals effects policy rate cut in less than 2 years

May 22, 2018 The Monetary Policy Committee (MPC) of the central bank has voted for the sixth time in under 18 months to reduce its policy rate, from 18 to 17 percent, after April’s inflation dropped...

Written by:

May 22, 2018 / Comments (0)

Banks need more than GH¢400m as Basel II & III kick in

May 22, 2018 Banks will require more than the new capital requirement of GH¢400 million in order to meet the minimum capital adequacy ratio (CAR) under Basel II & III. Although most banks have...

Written by:

May 22, 2018 / Comments (0)