ALL POSTS FILED UNDER: BOG
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 →
Cedi can’t be printed in Ghana for now – BoG
Add a CommentThe Head of the Currency Processing Operations at the Bank of Ghana, Dominic Owusu, has disclosed that Bank of Ghana has no intention of setting up a printing facility to print Cedis anytime soon. “We don’t have the capacity and … Read more →
BoG grants GCB Bank authorisation to issue electronic money
Add a CommentThe Bank of Ghana (BoG) says it has granted GCB Bank Ghana authorisation to issue electronic money similar to what is popularly known as “mobile money”. Speaking at a press conference in Accra on Monday, Dr Ernest Addison said, “In … Read more →
BoG keeps policy rate at 16%
Add a CommentAccording to the Central Bank, the decision was based on its Monetary Policy Committee’s assessment that risks to the inflation outlook were broadly balanced. Governor of the Bank of Ghana, Dr. Ernest Addison, made the announcement to journalists on Monday, … Read more →
Cedi depreciation is a disguised blessing
Add a CommentFor some time now, our airwaves, print and even social media seem to have had a respite on the issue of cedi depreciation and rising exchange rates. Experts and politician alike also have had same recession on the topic. But … Read more →
BoG to inject US$125m into economy
Add a CommentBETWEEN October and December 2019, the Bank of Ghana will inject US$125 million into the Ghanaian economy to shore up dollar in circulation, boost liquidity and prevent any rapid depreciation of the cedi. With Christmas approaching and many traders expected … Read more →
Cedi depreciates 1.83% in Q3
Add a CommentTHE cedi depreciated by some 1.83 per cent to the US dollar from July 1 to September 31, 2019, representing a relatively stable quarterly performance by local currency. The currency had collectively lost about 9.0 per cent in value in … Read more →
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