Tag Archives: bank of ghana

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 …

The Governor of the Bank of Ghana, Dr. Ernest Addison, together with Governor Harvesh Kumar Seegolam, Governor of the Bank of Mauritius, have signed a historic Cooperation Memorandum of Understanding (MoU) in Port Louis, to deepen the existing ties of engagement between the two central banks. The objectives of the MOU …

The Bank of Ghana has released its 2020 Annual Report and Financial Statements for the 2020 fiscal year. This comes after the central bank held its 102nd Monetary Policy Committee meeting to review economic developments of the country with an announcement of the policy rate decision to follow. In the Governor’s foreword …

A Tribunal constituted under the auspices of the London International Court of Arbitration (LCIA) has issued an award in favour of the Bank of Ghana dismissing all claims brought by Sibton Switch Systems Limited (“Sibton Switch”) in relation to the termination by the Bank of the Master Agreement for the …

The International Monetary Fund (IMF) has transferred a little over US$1 billion into the Bank of Ghana‘s account as part of a Special Drawing Right (SDR) allocation to support economic recovery. This came to light when the Fund issued a circular showing Ghana was the 4th country to receive the …