Tag Archives: bank of ghana

Mr. Bright Botchway, Deputy National Director of Traders and Artisans of the National Democratic Congress (NDC), has slammed the Bank of Ghana’s launch of gold coins, citing concerns over the bank’s alleged support for illegal gold mining, known as “galamsey.” This destructive practice has ravaged Ghana’s forests and rivers, with …

The Bank of Ghana’s July 2024 Monetary Policy Report has disclosed that total expenditures, including arrears clearance and discrepancies, for the first half of 2024 amounted to GH¢101.21 billion. This figure accounts for 9.6% of the nation’s Gross Domestic Product (GDP). Despite a 66.5% year-on-year rise, the expenditure fell 3.4% …

Initial checks by Citi Business News have revealed that some foreign exchange bureaux have not fully complied with the Bank of Ghana’s (BOG’s) new directive on transactions. The directive which took effect on Thursday, August 1, 2024, requires all licensed foreign exchange bureaux to request the Ghana Card before completing …

The Ghana Police Service, in partnership with the Bank of Ghana, has closed the operations of Dek-Nock Investments, which has branches in Nungua and Ashaiman, Greater Accra Region. According to a statement from the Central Bank, Dek-Nock Investments was found to be involved in unauthorized deposit-taking, in breach of Section …

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison advises the government to allow a commercial bank to take over the “Gold for Oil” programme. He believes that this move will help streamline the process and ensure more efficient transactions. Additionally, Governor Addison argues that a commercial bank’s …

Third party fund transfers through your bank account are prohibited, Bank of Ghana advises against money laundering. Money laundering is a serious criminal offence that involves disguising the origins of illegally obtained money. The Bank of Ghana is committed to preventing such illegal activities and ensuring the integrity of the …

The Boss of the defunct MenzGold, Mr Nana Appiah Mensah has threatened that he will soon expose Bank of Ghana. According to him, he has remained calm and resolute for the last five years thus his name has lingers of many Ghanaians that he’s fraudster, but this is the appropriate …

The Bank of Ghana (BoG) has withheld large sums of money suspected to have been laundered from abroad by some foreign counterparts remitted to certain individuals and businesses in the country, thereby, further reporting such cases to the Economic and Organised Crime Office (EOCO) to prosecute the culprits. In a …

A commemorative gold coin has been launched in honour of Otumfuo Osei Tutu II It is a 24-carat gold coin Bank of Ghana gave the authorization Dr Ernest Kwamina Yedu Addison, has been explaining why the Central Bank, the Bank of Ghana, granted the Asanteman the authorization for a commemorative gold coin …

Otumfuo to launch gold coins Gold Coins not for legal transactions Commemorative gold coins to be auctioned, sold, Report The Asantehene, Otumfuo Osei Tutu II, is set to officially launch his Commemorative Gold Coins on December 12, 2021. According to reports, the Commemorative Gold Coins is a fitting memorial in honour …