ALL POSTS FILED UNDER: BOG
BoG to inject $775 million into the economy
Add a CommentThe Bank of Ghana (BoG) plans to inject a whopping US$775million through its FX forward auction programme to achieve this objective. The move forms part of measures to ensure the economy has a stable local currency for the year especially in the … Read more →
Banks have not passed on Covid-19 costs to customers – BoG boss
Add a CommentGovernor of the Bank of Ghana (BoG) Dr Ernest Addison has said Ghana’s Financial Soundness indicators are strong and Banking Sector Stability Index monitored by the Bank remains in high positive territories, indicating the resilience of the sector. According to … Read more →
BoG maintains policy rate at 14.5%
Add a CommentThe Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 14.5 percent. Governor of the Bank of Ghana Dr Ernest Addison said at the MPC press conference in Accra on Monday, November 23 … Read more →
Average lending rates now 21.26% – BoG
Add a CommentAverage lending rates of commercial banks have fallen by 0.11% between August 2020 and October 2020. However, between January 2020 and October 2020, it has gone down by 1.8%. Though marginal, it comes as a good omen because cost of … Read more →
BoG picks Central Bank of the Year award
Add a CommentThe Bank of Ghana (BoG) has been honoured at the seventh Central Banking Awards. The Governor of the BoG, Dr Ernest Addison received the Central Bank of Year award on behalf of the bank. The organisers of the award ceremony, Central Banking was … Read more →
Total asset base of banking sector remains strong – BoG
Add a CommentBank of Ghana (BoG) has indicated that the total asset base of commercial banks in Ghana continue to remain strong despite the economic challenges posed by the outbreak of the novel coronavirus. Addressing the 95th Monetary Policy Committee (MPC) Press … Read more →
BoG works on establishing digital currency
Add a CommentFirst Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari says the bank is working on establishing a sandbox to promote innovation in the financial market and also test some concepts including the establishment of a Central Bank Digital … Read more →
IMF’s $1 billion cash to hit BoG’s account today
Add a CommentThe Country Representative of the International Monetary Fund (IMF) has said the $1 billion IMF rapid credit facility world hit the Bank of Ghana’s account today Thursday 16th April, 2020. According to Dr Albert Touna Mama, the required documentation has … Read more →
BoG increases Momo limits
Add a CommentThe Bank of Ghana (BoG) increased the daily transaction limits for mobile money. The Central Bank made this known in its monetary policy committee’s press release. BoG says it has agreed with banks and mobile network operators on measures to … Read more →
BoG warns businesses, individuals who charge in dollars
Add a CommentFollowing a recent publication of a photo showing a shop attendant accepting dollars in exchange for goods at a shop in Accra, the Bank of Ghana (BoG) has moved to enforce the regulations that bar trading in foreign currencies in Ghana. Officers from … Read more →
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