Tag Archives: BOG

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 …

The Governor of the Bank of Ghana, Ernest Addison, has explained the issues surrounding the building of a new head office. According to him, after various stages of evaluation and submission of the contract details the value of the contract approved by the Public Procurement Authority is $121,078,517.94. At a press briefing …

Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has published documents suggesting that the original value of the Bank of Ghana’s new offices was a little over US$81m but is now likely to exceed the US$250m tag given by the Minority in Parliament. The MP, in a publication dated …

Majority Leader in Parliament and Minister for Parliamentary Affairs Osei Kyei-Mensah-Bonsu has justified the decision by the Bank of Ghana(BoG) to build a new headquarters. According to him, building a new headquarters for the BoG will in the future serve as a Headquarters for ECOWAS’ new currency ECO when it is successfully …

The Bank of Ghana (BoG) has confirmed that it is in the process of building a new headquarters in Ridge, a suburb of Accra. The initial allegation of the new structure was made public by the National Democratic Congress (NDC) and the Minority in Parliament at a press conference earlier this week. In their allegation, they …

The Minority in Parliament has stated that despite the losses that the Bank of Ghana has incurred, the bank is building another head office at North Ridge worth $250 million. According to the Minority leader, Dr Cassiel Ato Forson, the BoG’s illegal printing of money is responsible for the depletion of Ghana’s …

The Governor of the Bank of Ghana, Dr. Ernest Addison, has been given a 21-day ultimatum to resign. According to the minority in parliament, the governor and his deputies must resign after running the country into a ditch. During a press briefing on August 8, 2022, the Minority Leader, Dr. Cassiel Ato …

An unnamed man who had previously threatened to rob the Bank of Ghana (BoG) with his gang and ammunition, has now renounced his words, claiming that it was merely a joke. A viral video on social media earlier this week, captured a man who is believed to be in his mid-20s, declaring …