ALL POSTS FILED UNDER: BOG
BoG shelves decision to increase minimum capital requirement
Add a CommentThe central bank is putting on hold its move to announce a further increase in the minimum capital requirement for commercial banks in the country. The Bank of Ghana had indicated that it was increasing the minimum capital requirement as … Read more →
BoG reduces policy rate to 22.5%
Add a CommentThe Monetary Policy Committee of the Bank of Ghana has reduced the policy rate from 23.5% to 22.5%. The policy rate is indicative of the rate at which the Central Bank lends to Commercial banks. Per the new rate it … Read more →
BoG will not finance budget deficit – Governor
Add a CommentGHANA’S central bank will not finance the government’s budget, its new governor, Ernest Addison, said on Friday as the regulator seeks to keep fiscal consolidation on track. Ghanaian lawmakers last year passed a law allowing the central bank to finance … Read more →
BoG to ‘vomit’ $223m
Add a Comment– As PIAC demands refund of misapplied oil revenue THE Public Interest and Accountability Committee (PIAC) is demanding a refund and retrieval of over $300 million of petroleum revenues. According to PIAC, the monies have been misapplied and should, therefore, … Read more →
BoG under IMF pressure to tackle weaknesses in Ghana’s banking
Add a CommentTHE Bank of Ghana (BoG) has three months to come out with its recapitalization plan for banks in Ghana to avert a deepening of the current instability in the country’s financial sector, Business Finder can reveal. The International Monetary … Read more →
BoG to stop purchase of gold watches
Add a CommentThe Bank of Ghana is set to stop the purchase of gold watches meant to be given out as part of end of service benefit to retiring staff of the institution. This is what Joy Business has picked up from … Read more →
BoG on course to reducing inflation — Governor
Add a CommentThe Governor of the Bank of Ghana (BoG), Dr Abdul-Nashiru Issahaku, says the bank is conducting its policies in a way to bring inflation to its medium-term target of eight per cent. His comment comes after the bank recorded a … Read more →
BoG releases more dollars to stem cedi fall
Add a CommentThe Bank of Ghana (BoG) has started releasing more dollars onto the market to help halt the cedis’ depreciation. The BoG took the decision after a meeting with the commercial banks in the country last Friday. The regulator was also … Read more →
BoG says measures are slowing down cedi depreciation
Add a CommentHead of Financial Stability at the Bank of Ghana, Mr Benjamin Amoah has said there is a slowdown in the depreciation of the Cedi, after measures by the Bank of Ghana (BOG) to halt it. The BOG introduced measures at … Read more →
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