ALL POSTS FILED UNDER: BANK OF GHANA
Bank of Ghana splashes GH¢2m on gold watches as retirement package
Add a CommentIt has emerged that the Bank of Ghana (BoG) is spending over $500,000 on gold watches as retirement package for staff of the financial institution. The amount, which is about GH¢2 million, is for the purchase of 24 pieces of … Read more →
Asantehene blasts Bank of Ghana
Add a CommentOtumfuo Osei Tutu ll, the Asantehene, has registered his displeasure over the issuance of excess licenses to micro-finance institutions by the Bank of Ghana (BoG) at the expense of the growth of such micro and small scale enterprises. He said, … Read more →
Bank of Ghana injects $100 million into Agric sector
Add a CommentThe Bank of Ghana says it has initiated measures to address challenges facing the country’s agric sector as part of efforts to improve the sector’s contribution to economic growth. Agriculture’s contribution to GDP has been declining over the years partly … Read more →
Bank of Ghana increases policy rate
Add a CommentLending rates of commercial banks are expected to go up after the Bank of Ghana (BoG) increased its policy rate from 25 to 26 percent. The increase in the policy rate, according to the bank, is to contain inflation, which … Read more →
Bank of Ghana to release $20m daily to stabilise cedi
Add a CommentThe Bank of Ghana (BoG) has decided to intervene on the foreign exchange market with a daily supply of $20 million to allow foreign investors to participate in the country’s short-term debt instruments. This is in a bid to boost … Read more →
Bank of Ghana debunks printing new currency denominations
Add a CommentThe Bank of Ghana has debunked news making round on social media that it is printing new currency denominations, Maame Esi Hammond, Head of Cooperate Communications at the central bank confirmed to Peace FM on the “kokrokoo” programme, Monday. Photos of … Read more →
Bank of Ghana releases list of expensive banks to run current account with
Add a CommentAccording to figures from the Bank of Ghana (BoG) as at December 2014 Ecobank was the most expensive bank to run a current account with. The pan African bank charges its customers 10 cedis to run their current accounts. That … Read more →
Foreign exchange rules revised by Bank of Ghana
Add a CommentThe Central Bank has announced that owing to certain implementation challenges it encountered after the introduction of rules on foreign exchange operations, it has revised some of its policies. In a statement issued on Friday in Accra, it said the … Read more →
Bank of Ghana given 2 weeks to file defense in cedi suit
Add a CommentThe Supreme Court has directed the Bank of Ghana (BoG) to submit in fourteen days their statement of case, in the current suit filed against it by a private legal practitioner, Dr John Ephraim Baiden, on the continuous depreciation of … Read more →
Governor of the Bank of Ghana says Ghanaians are unwilling to pay tax
Add a CommentThe Governor of the Bank of Ghana Dr. Kofi Wampah has blamed the country’s increasing public debt on Ghanaians unwillingness to pay tax. Addressing the journalists in Accra, he observed that “people are not willing to pay tax”. Meanwhile Ghana’s … Read more →
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