Tag: Bank of Ghana
You may be required to disclose and prove source of wealth-...
The Bank of Ghana (BoG) has issued a comprehensive directive urging all account holders to be prepared to provide satisfactory explanations regarding...
IMF advisor won’t interfere with BoG’s work – Amin Adam
The Minister of State-designate for the Ministry of Finance, Dr Mohammed Amin Adam has dismissed suggestions that the appointment of a financial advisor to...
IMF assigns resident financial adviser to Bank of Ghana
The International Monetary Fund (IMF) has appointed Leonard Chumo as a financial adviser to the Bank of Ghana upon request.
Funded by Switzerland's State Secretariat...
Governor Addison stop violating the Bank of Ghana Act [Article]
Dr. Addison, Governor of the Bank of Ghana in 2020, election year, advanced GH¢10 billion to the Akufo-Addo-Bawumia administration.
In 2021, Governor Dr. Addison gave...
BoG justifies funding govt’s 2022 budget with ¢44.5bn
The Bank of Ghana (BoG) has given reasons for financing the government’s 2022 budget with about ¢44.5 billion.
This is coming after renewed discussions in...
Bank of Ghana predicts drop in inflation soon
Dr. Ernest Addison, Governor of the Bank of Ghana, predicts a drop in inflation in the coming months.
He says, measures put in place by...
Government to securitize $3.3bn in Central Bank loans
Ghana plans to convert an estimated 40 billion cedis ($3.3 billion) of loans owed to the Bank of Ghana into bonds, making the Central...
BoG to provide details on ounces used for gold for oil...
The Bank of Ghana has assured the Public Accounts Committee of Parliament that it will provide the requisite documents on the ounces of gold...
Enforce laws on dollarisation – Economist to BoG
An economist, Professor Peter Quartey, has urged the Bank of Ghana to enforce the directive on the use of dollars to help reduce pressure...
Banking sector profit drops by almost 20% – BoG
Profitability levels in the banking sector have declined, according to the Bank of Ghana.
The central bank attributed this to the mark-to-market losses on investments,...
Bank of Ghana increases Monetary Policy rate to 28%
The Monetary Policy Committee of the Bank of Ghana has increased its policy rate by 100 basis points from 27 percent to 28 percent.
This...
Govt defaults in cocoa bill payment; BoG, COCOBOD others agree to...
Government has defaulted in the payment of matured investments of cocoa bills.
The six-month Cocoa bill with face value of ¢940.42 million matured on January...
Retail customers to be paid with COCOBOD’s deposits over cocoa bills...
Retail customers not interested in a rollover of their cocoa bills would now be paid using COCOBOD’s deposits at the banks.
That’s the agreement reached...
There’s enough gold to exchange for oil – BoG
The Bank of Ghana (BoG) says it has sufficient quantity of gold reserves to sustain the gold for oil policy.
The government took delivery...
BoG blames pressure on economy for cedi depreciation
The Bank of Ghana has attributed the depreciation of the local currency to the day-to-day pressures on the economy.
Although the cedi appreciated against the...
