Resolve high interest rate concerns – Akufo-Addo urges new BoG board

August 23, 2021 President Nana Akufo-Addo has charged the new board of the Bank of Ghana to interrogate the issue of high interest rates in the country. According to the President, a low interest rate for...

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August 23, 2021 / Comments (0)

SMEs’ participation in digital economy key for recovery – Addison

August 19, 2021 Governor of the Bank of Ghana, Dr. Ernest Addison, has said that intensive participation of Small and Medium-scale Enterprises (SMEs) in the digital economy is essential to economic growth,...

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August 19, 2021 / Comments (0)

Supreme Court rules the BoG’s corporate governance directive is lawful

August 3, 2021 The Supreme Court has dismissed a case filed by the Association of Finance House challenging the Bank of Ghana for issuing corporate governance directives for financial institutions, ruling...

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August 3, 2021 / Comments (0)

E-cedi: Bank of Ghana to pilot digital currency

June 3, 2021 The Bank of Ghana is in the advanced stages of introducing a digital currency, the Governor of the central bank, Dr Ernest Addison has disclosed. According to the Dr Addison, the e-cedi...

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June 3, 2021 / Comments (0)

BoG cuts policy rate to 13.5%, first time since March 2020

June 1, 2021 In its quest to foster economic growth and ensure financial stability in response to developments on the local and external front, the Monetary Policy Committee, MPC, of the Bank of Ghana,...

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June 1, 2021 / Comments (0)

Bank of Ghana joins Basel Group to set standards for banks globally

April 6, 2021 The Bank of Ghana (BoG) has joined the Basel Consultative Group (BCG), a global body that sets and implements standards on banking supervision globally. The bank said it was admitted into...

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April 6, 2021 / Comments (0)

BoG keeps policy rate at 14.5% for second consecutive time this year

March 22, 2021 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has kept the Policy Rate at 14.5 percent for the second consecutive time this year. The policy rate is the rate at which the...

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March 22, 2021 / Comments (0)

BoG revises sanctions for dud cheques issuance

March 15, 2021 The central bank says it has revised the sanctioning regime in respect of the issuance of dud cheques for strict compliance by banks and specialised deposit-taking institutions (SDIs)....

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March 15, 2021 / Comments (0)

BoG measures to curb cyberfraud, boost customer confidence—Report

February 24, 2021 A new report by the Institute of Customer Service Professionals (ICSP), titled ‘The State of Customer Service in Ghana’, has disclosed that measures outlined by the Bank of Ghana (BoG)...

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February 24, 2021 / Comments (0)

Banks borrowed GH¢2.57bn from BoG in pandemic year

February 16, 2021 A 195% increase from GH¢872.96m Analysts blame COVID-19’s impact on businesses Within a period of one year, liquidity support from the central bank to the banking industry...

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February 16, 2021 / Comments (0)