Tag Archives: BOG

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 …

The Bank of Ghana has issued new guidelines for anti-money laundering/combating the financing of terrorism and the proliferation of weapons of mass destruction (AML/CFT&P). According to the central bank, the new guidelines would help it design Licensed Institutions and implement their respective AML/CFT&P compliance regime. The bank said the new directive was …

The Bank of Ghana has revised the limits on mobile money transactions in the country. A statement issued by the central bank on Thursday, December 23, 2022, explained that the review forms part of measures to “facilitate more efficient payments, encourage the seamless transition to a cash-lite society as well as …

The Central Bank has cautioned Ghanaians against taking loans from some 19 unlicensed institutions. In a statement on August 22, 2022, it said, “Bank of Ghana has observed that a number of unlicensed entities are engaged in the provision of loans to the Ghanaian public, in contravention of the Banks and …

Dr. Ernest Addison, the governor of the Bank of Ghana (BoG), has expressed worry about the solvency of some Ghanaian banks. According to him, the Central Bank will put in measures to ensure that banks remain solvent. This, he said is the most important task of the Central Bank. The …

The Bank of Ghana has hiked the monetary policy rate by 250 basis points from 24.5 percent to 27 percent. Chairman of the Monetary Policy Committee and BoG Governor, Dr. Ernest Addison said the decision is expected to anchor inflation expectations in the country with the figure standing at 40.4 percent in October 2022. …

The Asantehene, Otumfour Osei Tutu II, has appealed to the bank of Ghana to take necessary steps to stabilize the forex market. In a speech read on his behalf at the 19th Ashanti Business Excellence Awards by Sewuahene, Nana Kwaku Sarkodie, the Asantehene expressed worry over the depreciation of the …