ALL POSTS FILED UNDER: BANK OF GHANA
Bank of Ghana releases list of 319 microfinance companies in good standing
Add a CommentFollowing the recent challenges where customers of four microfinance companies have not been able to access their savings, the Bank of Ghana (BoG) has released a list of 319 licensed institutions in general compliance with guidelines. According to the bank, the move was … Read more →
Bank of Ghana warns Ghanaians about Bitcoin
Add a CommentThe Bank of Ghana is asking Ghanaians to be wary of Bitcoin, a digital currency largely seen as an alternative currency, because their interest cannot be protected by the bank. The central bank appears to be worried by the high … Read more →
Gov’t to borrow GH¢11bn in Quarter 1 – Bank of Ghana
Add a CommentGovernment will borrowGH¢11.134 billion in the first quarter of this year, the Bank of Ghana has revealed. This is less than GH¢6 billion borrowed in the first quarter of 2017. According to the issuance calendar, GH¢3.89 billion will be borrowed … Read more →
Growing mobile money accounts attracting fraudsters – BoG
Add a CommentMobile money regulator, Bank of Ghana (BoG), has identified the overwhelming growth in mobile money wallets/accounts, over the last two years, as the main attraction for fraudsters. Director of Payment Systems at the Central Bank, Dr. Setor Amediku, disclosed that … Read more →
Don’t save with Menzgold, they’re not licensed – Bank of Ghana warns
Add a CommentThe Bank of Ghana has issued a stern warning to the general public over investment company Menzgold, insisting that operations of this institution in taking deposits for profits should be ignored by all and sundry. BoG explained the company is … Read more →
Lending rates will come down – Bank of Ghana
Add a CommentGOVERNOR of the Bank of Ghana (BoG), Dr Ernest Addison, has assured businesses that the lending rates of commercial banks will gradually come down in tandem with the declining Monetary Policy Rate (MPR). According to him, the response of the … Read more →
Attorney-General and Bank of Ghana dragged to court
Add a CommentPrivate legal practitioner, Victor Adawudu, has dragged the Attorney-General and the Bank of Ghana to court over the controversial 2.25 billion dollar bond issue in April. He is among other things praying the Supreme Court to direct the A-G, Gloria … Read more →
$41m Bauxite receipts ‘missing’ in audited accounts of Bank of Ghana
Add a CommentTHE Bank of Ghana (BoG) is to provide data on bauxite exports for 2015 to the Public Accounts Committee (PAC) of Parliament today as it was not captured in the audited accounts of the Central Bank. When officials of BoG, … Read more →
Bank of Ghana directs weak banks to submit recapitalisation plans
Add a CommentThe Bank of Ghana (BoG) has directed banks with minimum capital below industry levels to, as a matter of urgency, submit to the central bank comprehensive recapitalisation plans. This is to strengthen the financial sector, enhance the central bank’s supervisory … Read more →
Bank of Ghana rules out special arrangement for local banks
Add a CommentThe Bank of Ghana (BoG) has indicated that there would not be any special arrangement for banks when the new capital requirement finally takes off. The Central Bank last month disclosed that it would soon be coming out to announce … Read more →
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