Tag Archives: BOG

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 …

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 …