Tag Archives: bank of ghana

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 …

•The central is set announce a new policy rate today •The MPC at its 100th meeting slashed the rate by 100 basis points at 13.5 from 14.5 percent. •The rate will be of keen interest to businesses operating in the country The Bank of Ghana’s Monetary Policy Committee is set to …

The central bank’s Monetary Policy Committee (MPC) has lowered the policy rate by a 100 basis point at 13.5 percent from 14.5 percent. Announcing the decision at its 100th MPC press conference, Governor of the Bank of Dr. Ernest Addison on May 31 said this was based on risks to the country’s …

    The Central Bank says there is a rebound in economic activity, judging from its high-frequency indicators which have continued to pick up in recent times. It said although business and consumer sentiments softened on the back of the surge in COVID-19 cases in the early months of 2021, the rollout …

The Member of Parliament for the Ejisu Constituency in the Ashanti Region, Dr John Ampontuah Kumah, has applauded the Bank of Ghana for instituting measures to formalize crowdfunding in Ghana.    According to the Member of Parliament, the policy direction by the Bank of Ghana on how individuals and organizations …

Ghana’s central bank, Bank of Ghana (BoG), has been named winner of the 2019 Central Banking Awards. The global awards scheme’s report stated that BoG demonstrated its strengths with the delivery of a major banking sector and the microfinance clean-up operation. It added that the BoG has had an impressive …

Police in Kumasi are investigating the circumstances under which a driver of the Bank of Ghana allegedly shot to death his lover in a hotel room in the Ashanti regional capital. Edwin Awuku and Maame Yaa, believed to be lovers, reportedly checked into the hotel in the evening of New …