ALL POSTS FILED UNDER: BOG
We haven’t banned dollar account – BoG
Add a CommentThe Bank of Ghana has dismissed reports that it has banned the opening of dollar accounts. In a public notice, the Central Bank said it has not issued any directive to local banks in this regard. Media reports had indicated … Read more →
BoG’s supply of dollars to BDCs drops from 85% to 21% – CBOD
Add a CommentThe Ghana Chamber of Bulk Oil Distributors (CBOD), has called on other players in the foreign exchange supply market to step up their efforts to ensure the demand for US Dollars by Bulk Distributing Companies (BDCs) is met. This, according … Read more →
MOMO loan not free money — BoG
Add a CommentSince the introduction of mobile money (MOMO) loans by the telecommunication companies (telecos), some of their customers have taken undue advantage of the opportunity. While some have taken the loans to either start or recapitalise their businesses, others have accessed … Read more →
BoG optimistic of lower inflation rate in coming months
Add a CommentRegardless of the hike in inflation rate in recent months, the Bank of Ghana is optimistic prices of goods and services will come down in the coming days, weeks and months. This pledge is coming after increases in transportation fares … Read more →
BoG increases policy rate by 200 basis points to 19%
Add a CommentThe Bank of Ghana (BoG) has increased policy rate by 200 basis points to 19 percent at the Monetary Police Committee (MPC) meeting on Monday May 23. The MPC attributed the decision to up the policy to increasing inflation rate. Experts had … Read more →
BoG to sell $350m to dealers in quarter 2nd quarter of 2022
Add a CommentThe Bank of Ghana will sell a total of $350 million dollars to authorised dealers in the second quarter of this year, in the Foreign Exchange Forward Auction. This is in accordance with the Foreign Exchange Forward Auction Guidelines. The … Read more →
BoG sacks two employees who presented ‘fake certificates’
Add a CommentThe Bank of Ghana (BoG) has confirmed the dismissal of two employees who presented “fake certificates” to gain employment at the central bank. In a press statement issued Tuesday evening [January 18, 2022], the BoG said reports suggesting that 90 percent … Read more →
BoG, NIB probe man busted with 656 ATM cards from Nigeria and Ghana
Add a CommentA team of financial experts from the Bank of Ghana (BoG) is assisting the National Intelligence Bureau (NIB) to investigate how a 42-year-old man, Bachir Musa Aminou, illegally acquired 656 ATM cards connected to nine banks for trans-border business. The … Read more →
Reported value of bank fraud for 2020 was GH¢1 billion – BoG
Add a CommentIn 2020, the Bank of Ghana (BoG) has said, many routine activities of institutions including financial transactions that usually would have been undertaken in-person were conducted online. According to the central bank, customers who were not used to digital/electronic methods … Read more →
BoG cautions banks on money transfers abroad
Add a CommentThe Chief Manager of the Banking Supervision department at the Bank of Ghana (BoG), Mr Philip Danso, has cautioned commercial banks against the transfer of funds abroad under the Technology Transfer Agreement (TTA) if the agreement was not registered in … Read more →
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(Nana Kwesi)