October 31st, 2019

Trouble brewing over Bank of Ghana’s contract to KPMG, PwC

The Herald has chanced upon reports, suggesting the Bank of Ghana (BoG) could be blowing some outrageous amounts of money on the appointment of PricewaterhouseCoopers […]
October 17th, 2019

Will Ghana’s financial sector clean-up build a stronger banking system?

The Ghanaian authorities have continued their efforts to clean up the country’s financial sector following a fresh round of financial institution closures. In mid-August the […]
October 10th, 2019

BoG orders closure of ‘illegal’ forex bureau

The Bank of Ghana (BoG) on Tuesday ordered the closure of Aero Cash forex bureau operated by two Nigerians in Dzorwulu, Accra. This is due […]
October 9th, 2019

Controlling forex supply: BoG to auction additional $125m

The Bank of Ghana is seeking to auction a total of $125,000,000 for the fourth quarter of 2019; spanning October to December. The exercise is […]
October 7th, 2019

Security personnel save BoG from losing GHC60.5 million

The timely intervention of security personnel saved the Bank of Ghana (BoG) from losing GH¢60.5 million in a fatal accident involving one of its bullion […]
September 26th, 2019

Bank of Ghana to start forex forward auction on October 1

The Bank of Ghana has announced that it would from October 1, 2019 start forward sales purchases of forex. The central bank in a notice […]
September 26th, 2019

It’s time to review inflation target – Dr. Ernest Addison

Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has said the new rebasing of the inflation basket necessitates a review of government’s medium-term […]
September 26th, 2019

Businesses optimistic of economic prospects

Business confidence as measured by the index derived from the Bank of Ghana’s (BoG) Business Confidence Survey, has shown a recovery in the sentiment of […]
September 24th, 2019

Bank of Ghana cracks whip on pricing in dollars

The Bank of Ghana (BoG) is taking steps to stem the dollarisation of the Ghanaian economy by enforcing laws that bar the pricing of goods […]
September 23rd, 2019

Bank of Ghana cracks whip on pricing in dollars

The Bank of Ghana (BoG) is taking steps to stem the dollarisation of the Ghanaian economy by enforcing laws that bar the pricing of goods […]
September 17th, 2019

Let private sector feel impact of banking reforms – Addison tells banks

Governor of the central bank, Dr. Ernest Addison, has implored banks to make loans more accessible and affordable to the private sector – so that […]
September 17th, 2019

Only GHC849m retrieved from collapsed banks – Governor

More than one year after the collapse of some domestic banks in the country, less than 10 percent of the total amount expected to be […]
September 17th, 2019

Help us recover assets of directors of failed banks – BoG to Chief Justice

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has appealed to the Chief Justice and the entire judiciary to assist the central […]
September 17th, 2019

Adongo threatens to sue Bank of Ghana for ‘flouting’ its own laws

Isaac Adongo, the Member of Parliament for Bolgatanga Central, has threatened to sue the Bank of Ghana (BoG) over what he called its non-compliance with […]
September 14th, 2019

Deposit Protection Scheme to come into effect from October

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said the Deposit Insurance Protection Corporation (DIPC) would now be fully operational from […]
September 14th, 2019

We will maintain zero tolerance for corruption – BoG

The Governor and entire management of the Bank of Ghana have pledged to continue to uphold the tenets of the institution by not giving room […]
September 14th, 2019

How BoG caught staff collecting GH¢410,000 bribe in multibillion mobile money contract

The Bank of Ghana on Friday announced that it has dismissed a staff who took bribes to facilitate an award of a mobile money interoperability […]
September 13th, 2019

BoG staff sacked for taking bribe 14 times more than salary

A senior staff at the Bank of Ghana, Gilbert Addy, has been sacked “for gross misconduct in relation to corrupt transactions and for accepting bribes”. […]
September 13th, 2019

Bank of Ghana sacks staff for accepting over GHC400k bribe in Sibton deal

The Bank of Ghana has dismissed a staff Gilbert Addy for what it says is gross misconduct in relation to corrupt transactions and for accepting […]
September 12th, 2019

BoG increases minimum capital for Mobile Money firms by 300%

The Bank of Ghana (BoG) has increased the minimum capital for Mobile Money companies from GH¢5 million to GH¢20 million. This means an increase of […]
September 11th, 2019

Be strict on banks – Consultant to BoG

A Banking Consultant, Dr Richmond Attuahene has charged the Bank of Ghana (BoG) to remain focused with enforcement of banking rules to avoid another crisis. […]
September 10th, 2019

Financial sector cleanup can ‘never’ be over – Corporate Governance Consultant

Corporate Governance Consultant, Marian Barnor has rubbished statements made by the Bank of Ghana a month ago to suggest that it has completed its clean-up […]
September 9th, 2019

Banking sector gets GH¢1.5 billion fresh capital injection– PwC survey

The banking sector received about GH¢1.5 billion in fresh capital last year as banks moved to meet the Bank of Ghana’s December 31, 2018 deadline […]
September 9th, 2019

BoG abandons old website; gets new one

The Bank of Ghana (BoG) has announced that it is re-designing its website in order to serve the public well. According to the central bank, […]
September 7th, 2019

Bank of Ghana directs banks to enforce third party identification

The Bank of Ghana (BoG) has issued a notice to banks and special deposit-taking institutions (SDI’s) to enforce the regulations on all third parties making […]
September 4th, 2019

Minority accuses Bank of Ghana of not helping collapsed banks

The Minority in Parliament has taken a swipe at the Bank of Ghana (BoG) for its decision to spend GH¢23 billion to clean up the […]
August 31st, 2019

Fraud in banks increased by more than 50 percent – Bank of Ghana

The number of fraud cases reported by commercial banks in the country in 2018 has increased by 50 percent from the figure recorded in 2017, […]
August 22nd, 2019

BoG spent GH¢153 million on printing cedi notes in 2018

The Bank of Ghana last year spent more than GH¢153 million to print the country’s legal tender, the cedi. The amount spent includes the actual […]
August 21st, 2019

Irresponsible Bank of Ghana caused banking crisis – Akufo-Addo

President Nana Akufo-Addo has blamed the Bank of Ghana for the crisis in the banking sector which led to the collapse of nine local banks […]
August 16th, 2019

Banks increase minimum deposit required to open savings accounts – BoG report

Despite the emergence of mobile money services, banks on the average are demanding more money from customers to open savings accounts, data from the Bank […]
August 16th, 2019

Why the BoG closed down Ideal, Midland, GN, Unicredit, 19 others

The Bank of Ghana has given detailed reasons on why it revoked the licences of 23 insolvent savings and loans companies and finance house companies. […]
August 16th, 2019

BoG revokes licenses of 23 savings and loans companies

The Bank of Ghana has with immediate effect revoked the licences of twenty-three (23) insolvent savings and loans companies and finance house companies. The central […]