Tag Archives: BOG

The Minority in Parliament has hinted at its decision to petition the International Monetary Fund (IMF) over the appointment of Dr. Johnson Asiama as the Governor of the Bank of Ghana. This comes after the Minority raised concerns about his nomination, questioning the legality of his actions and the integrity of his appointment. …

The First Deputy Governor of the Bank of Ghana, Dr Maxwell Opoku-Afari, has proceeded on leave pending the end of his contract. A notice shared by the Central Bank noted that his leave takes effect from February 5, 2025. “This has received the approval of H.E President John Mahama,” the …

In a significant development, Attorney General Dominic Akuritinga Ayine has officially withdrawn all charges against former Deputy Governor of the Bank of Ghana, Johnson Asiama. This decision marks a dramatic turn in the high-profile case, which had been ongoing since 2020. Asiama had been accused of involvement in the collapse …

The Bank of Ghana’s July 2024 Monetary Policy Report has disclosed that the Non-Performing Loans (NPL) ratio in the banking sector increased to 24.2% in June 2024, compared to 18.7% in June 2023.   Even when adjusted for fully provisioned loan losses, the NPL ratio climbed to 10.8% in June …

To inherit or access a deceased customer’s account, one must be named as a beneficiary in the deceased’s Will, BOG claims. Furthermore, a court of competent jurisdiction must issue Letters of Probate to empower the beneficiary to access the account. The Bank of Ghana (BoG) has clarified that being named …

The Ghana Association of Banks (GAB) has called on the Bank of Ghana (BoG) to publicly disclose the names of businesses and individuals penalized for issuing dud cheques.  The association believes that publishing these names in national newspapers is crucial for restoring trust in cheques as a reliable means of …

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 Bank of Ghana (BoG) has distinguished itself in stablising the cedi despite the recent economic challenge, President Akufo-Addo has said. Speaking at an end of year cocktail in Accra on Thursday (14 December), Akufo-Addo commended the bank for ensuring a sound financial system in Ghana. “The Bank of Ghana has …

The November 2023 Summary of Economic and Financial Data by the Bank of Ghana has put the depreciation of Ghana’s currency, the cedi, at 25.8% as of November 2023. Per the data, the cedi had remained relatively stable between March and September 2023, selling at GHS 11.01 and GHS 11.13 …

North Tongu Member of Parliament, Samuel Okudzeto Ablakwa, has published documents alleging that the land on which the new Bank of Ghana (BoG) head office is being constructed is the subject of a long litigation battle. The lawmaker, who has so far published a series of exposés on the BoG building claims among others …