ALL POSTS FILED UNDER: BANK OF GHANA
Bank of Ghana has maintained a prudent monetary policy stance – IMF
Add a CommentThe International Monetary Fund (IMF) has said that Ghana’s central bank has maintained a prudent monetary policy stance to sustain a rapid reduction in inflation and has taken steps to rebuild international reserves. According to the Fund, the BoG has … Read more →
GH¢60 billion loss: We took half of debt haircut – Bank of Ghana
Add a CommentThe Bank of Ghana (BoG) has explained that GH¢53.1 billion out of the GH¢60 billion losses it posted in its 2022 financial results were a direct result of the government’s domestic debt restructuring exercise, both the first and second phases. … Read more →
IMF provides clarification on Bank of Ghana’s GH¢60 billion loss
Add a CommentThe International Monetary Fund (IMF) has addressed the concerns surrounding the Bank of Ghana’s (BoG) GH¢60 billion loss incurred during the 2022 fiscal year, aiming to allay anxieties by asserting that there is no need for alarm. The BoG has … Read more →
Bank of Ghana warns Mobile Money loan defaulters
Add a CommentThe Central Bank has in statement cautioned all individuals who have acquired loans through mobile money platforms, but have delibrately refused to register their SIM cards under the on-going national SIM Card registration exercise, with the intention of avoiding repayment of … Read more →
Bank of Ghana increases policy rate to 14.5%
Add a CommentThe monetary policy committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate by 100 basis points from 13.5% to 14.5 5%. The Policy rate is indicative of the rate at which the Central Bank lends to commercial Banks in the … Read more →
Money doubling ‘World Remit’ in Ghana is a scam – Bank of Ghana
Add a CommentThe Bank of Ghana (BoG) has identified a money doubling scheme operating in Ghana under the pseudo name “Worldremit”. According to the BoG, this fraudulent scheme is distinct from the globally renowned Fintech, “WorldRemit” which is in the business of … Read more →
Bank of Ghana to stop circulation of one, two cedi notes
Add a CommentThe Bank of Ghana (BoG) has said that it is working to phase out the one Ghana cedi and the two Ghana cedi notes from circulation. The Governor of BoG, Dr Ernest Addison, said on Monday (September 27) that the … Read more →
Bank of Ghana to crack down on money doublers
Add a CommentThe Bank of Ghana (BoG) has cautioned the general public against the practice of “Money Doubling”, “Card Loading” and “Credit Card Loading Systems”. According to the central bank, these practices involving inviting members of the general public through traditional and … Read more →
Seth Terkper challenges Ghana’s debt figures published by Bank of Ghana
Add a CommentFormer Finance Minister, Seth Terkper, says Ghana’s total debt stock published by the Bank of Ghana does not reflect the true debt of the country. Mr. Terkper argues that Ghana’s debt to GDP is currently 63 percent and not the … Read more →
Bank of Ghana named Central Bank of the Year
Add a CommentThe Bank of Ghana has been recognised by the Central Banking Awards as the Central Bank of the Year following series of reforms it implemented over the past two years to strengthen the financial sector. The awards, which will be … Read more →
(Selorm) | 
(Nana Kwesi)