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The Bank of Ghana, BOG has asked market players not to panic because they have adequate dollars to stabilize the cedi. The BOG gave the assurance in a circular issued to all commercial banks in the country. According to Joy FM’s report, the circular could be seen as the fresh …
Read More »Ghana’s debt stock hits ¢208.6b – BoG
Ghana’s debt stock as at the end of September 2019 stood at ¢208.6b. This was contained in the November Bank of Ghana’s summary of financial and economic data released after the Monetary Policy Committee met this week to review the “health” of the economy. Breakdown The GH¢208.6 billion total debt …
Read More »US$ 25m to be injected onto FX market
The Bank of Ghana over the coming weeks will issue onto the forex market a total of US$ 25 million, following a successful FX forward auction held on November 12, 2019. A notice from the BoG indicates that bids amounting to US$ 71.5 million were received from businesses through their …
Read More »BoG orders closure of ‘illegal’ forex bureau
The Bank of Ghana (BoG) on Tuesday ordered the closure of Aero Cash forex bureau operated by two Nigerians in Dzorwulu, Accra. This is due to failure by the operators to provide relevant documents to the Bank of Ghana to ascertain the legality of their operations. A team from the …
Read More »Security personnel save BoG from losing GHC60.5 million
The timely intervention of security personnel saved the Bank of Ghana (BoG) from losing GH¢60.5 million in a fatal accident involving one of its bullion vans and a tanker truck at the outskirts of Techiman in the Bono East Region, which also claimed one life. The van, with registration number …
Read More »VIDEO: Bullion van carrying money to BoG involved in an accident
A video shared on facebook which myafricatoday.com seen indicates that a bullion van carrying bundles of money to the Bank of Ghana in Accra was involved in an accident. In the video, one can see bungles of money collected in a tray lying on the floor while some personnels of …
Read More »Bank of Ghana sacks staff for accepting over GHC400k bribe in Sibton deal
The Bank of Ghana has dismissed a staff Gilbert Addy for what it says is gross misconduct in relation to corrupt transactions and for accepting bribes in connection with the award of a contract to Sibton Switch Systems Limited in 2016. The Bank in a statement revealed that secret and …
Read More »BoG licenses revocation: We’ll start pilling our monies under our beds instead – Customers
Following recent happenings with some major financial institutions in the country, some customers have decided to ‘bank in their homes’ rather than carry their monies and invest in any banking institution for fear of losing their monies in the face of any more revocations. The Bank of Ghana Friday revoked …
Read More »BoG unhappy with receivers, describes receivership process as too slow
The Bank of Ghana has expressed its frustration over the slow pace of work by the two receivers appointed in the aftermath of seven banks collapsing over the last two years. Speaking in an interview on the sidelines of IMF/World Bank Spring Meetings in Washington, DC, Dr. Ernest Addison said …
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