November 13th, 2019

BoG receives $71.5m in bids for third forward forex auction

The Bank of Ghana (BoG) received $71.5 billion in bids from dealers, businesses and banks that participated in its third forex forward sale. This means […]
November 5th, 2019

Bank lending rebounds at last

After more than two continuous years of contraction in bank credit to the economy Ghana’s banking industry has resumed growing its collective loan book, data […]
November 2nd, 2019

Bank of Ghana targets US$1 billion increase in foreign reserves

The Bank of Ghana is aiming to increase Ghana’s gross international reserves by a further US$1 billion before the end of this year in its […]
November 2nd, 2019

KPMG sacks Bank of Ghana’s Receiver

Reports filtering in suggest that, Nii Amanor Dodoo of KPMG, has been fired by his employers over some ethical issues regarding his receivership job for […]
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 30th, 2019

BoG secures $61 million in bids for second forex auctions

The Bank of Ghana secured more bids than the amount of dollars available to be auctioned through its forward sale of forex. The Bog got […]
October 30th, 2019

Lending rates to remain high as IMF backs BoG to tighten policy rate

Businesses’ hopes of seeing lending rates come down may end up being only a dream, as the International Monetary Fund (IMF) has backed the Bank […]
October 21st, 2019

How BoG governor landed top IMF job

Dr. Philip Yedu Addison has been appointed chair of the board of governors of the IMF and the World Bank for 2020. The selection which […]
October 21st, 2019

BoG has built strong reserves to stabilise cedi, prices – Deputy Governor

The Bank of Ghana (BoG) has assured local businesses, banks and foreign investors that it has the required reserves to stabilise prices and the cedi. […]
October 18th, 2019

BoG launches guidelines for ‘repurchase agreement’ in Ghana

The Bank of Ghana (BoG) has launched a new guideline that would help better regulate the purchase of government securities like treasury bills, bonds, notes […]
October 5th, 2019

BoG sells about $17m in maiden forward forex sale

The Bank of Ghana (BoG) sold about $17 million in its maiden forward forex sale. The BoG got more bids than the amount offered in […]
October 5th, 2019

Cash scatter as BoG bullion van collides with fuel tanker, one dead

A head-on collision between a Bank of Ghana (BoG) armoured van and a fuel tanker on the Techiman-Kumasi road Friday, sent thousands of Ghana cedis […]
October 1st, 2019

Terkper charges BoG to establish extra tier in banking system for local banks

Former Finance Minister Seth Terkper has advocated the creation of an additional tier banking reserved for indigenous banks to occupy the existing gap between the […]
September 30th, 2019

Keli Gadzekpo, Ofori-Atta deny allegation of planned acquisition of Capital bank

Lawyers for the Finance Minister, Ken Ofori-Atta and Keli Gadzekpo, a board member of the Bank of Ghana have debunked claims that the two had […]
September 27th, 2019

‘I want my bank back’ – Capital Bank CEO

William Ato Esien, Founder and CEO of the defunct Capital Bank, has said he has sued the Bank of Ghana (BoG) for collapsing his bank. […]
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 25th, 2019

No new banking applications yet — Bank of Ghana

The Bank of Ghana (BoG) has stated that it is not processing any application for a fresh banking licence to new entrants into the banking […]
September 24th, 2019

BoG participates in Afi Global Policy Forum in Kigali

An eight-member team from the Bank of Ghana participated in this year’s Global Policy Forum (GPF), an annual flagship event organised by the Alliance for […]
September 23rd, 2019

Rising government expenditure threatening economy – BoG

Governor of the Bank of Ghana, Dr Ernest Addison, has said rising government expenditure and weakened revenue levels are the major threats to the swift […]
September 22nd, 2019

BoG deepens public understanding on banks closure

The method deployed by the Bank of Ghana (BoG) in the recent clean-up exercise was largely dependent on the root cause of what accounted for […]
September 21st, 2019

Ghana’s debt stock pegged at GHc 205.5bn as at July 2019

New data released by the Bank of Ghana shows that the country’s total debt stock has hit 205.5 billion cedis as at July 2019, representing […]
September 21st, 2019

BoG maintains Monetary Policy Rate at 16% again

The Bank of Ghana (BoG) has for the fourth time maintained the Monetary Policy Rate at 16% as it continues to monitor developments within the […]
September 18th, 2019

BoG to sanction institutions pricing in dollars

The Bank of Ghana (BoG) has said it will soon sanction institutions that are pricing their goods and services in foreign currencies. Head of Forex […]
September 13th, 2019

You need GHC20m to run MoMo firm – BoG

The Bank of Ghana (BoG) has announced GHS20 million as the minimum capital required for operating a mobile money company in the country. The directive […]
September 13th, 2019

How BoG caught its 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 12th, 2019

Keep your eyes on banks – SEC boss to BoG

Rev. Daniel Ogbarmey Tetteh, Director-General of the Securities and Exchange Commission (SEC), has asked the Bank of Ghana (BoG) to continue its surveillance work on […]
September 12th, 2019

BoG pegs minimum capital for Mobile Money companies at GHC20m

The Bank of Ghana has pegged the minimum capital required for operating a mobile money company at GH¢20 million. The latest directive comes on the […]
August 16th, 2019

Clean-up exercise in banking sector over – BoG announces

The Bank of Ghana says it has completed its clean-up exercise of the banking and specialized deposit-taking (SDI), and non-banking financial institutions (NBFI) sectors. This […]
August 16th, 2019

Funds available to pay customers of collapsed saving & loans firms, finance houses – BoG

The Bank of Ghana has assured that customers of the 23 finance houses and savings and loans companies shut down, will not lose their respective […]