Tag Archives: BOG

  A private Legal Practitioner and Law Lecturer, Dr. John Baiden has petitioned the office of the Attorney-General to prosecute officials of the Bank of Ghana over the rapid depreciation of the Ghana Cedi. In his petition, he said, “The Bank of Ghana has compromised the Ghana cedi. It is out of line and …

Governor of the Bank of Ghana, Dr. Ernest Addison, has calmed nerves over the current rapid depreciation of the cedi, saying, the bank is implementing interventions that will stabilise the local currency against its major trading currencies in the shortest possible time. His comments come on the back of concerns over the …

When you take a drive along the concreted 19km Accra-Tema Motorway, or when you attend that event at the National Theater in Accra, perhaps, the last thoughts that run to your mind might never be about under whose tenure of presidency these projects were undertaken. And by the way, the …

The Sovereign credit rating downgrades of Ghana by Fitch and Moody’s led to “widened yield spreads on both cedi-denominated government of Ghana bonds and the country’s Eurobonds”, the Bank of Ghana has said. “These downgrades reflect market and investor concerns about fiscal and debt sustainability”, Governor Ernest Addison told journalists …

MP for Bolgatanga Central Constituency, Isaac Adongo, has clapped back at the Bank of Ghana after over he calls “cooked reserves.” Ghana’s cedi has been on a depreciation spree since the beginning of this year. As of Friday, March 10, 2022, the dollar was selling at GH¢7.65. This according to the business community …

The Bank of Ghana (BoG) has warned Ghanaians against trading in the yet to be launched   cryptocurrency named “Freedom Coin”. “The public is hereby cautioned that neither this cryptocurrency nor the promoting company has approval from Bank of Ghana to operate in the banking and payment sector. “In line with …

The Bank of Ghana (BoG) is warning the public against a fraudulent money doubling scheme which operates under the name “BitCash Currency Exchange”. BoG said the company which claims to have approval from the central bank is false. According to central bank, the company has not been licensed as an …

The High Court in Accra has ordered a subpoena to be served on the Governor of the Bank of Ghana Dr Ernest Addison to appear or instruct its official to appear before it on March 10, 2022. The court said the Governor or his office is to appear to produce statements …

Data published by the Bank of Ghana have shown that consumers’ appetite for Internet banking has started slowing down. An analysis of the Summary of Economic and Financial data (January 2022) indicates that the growth rate of Internet banking – both in terms of value and volume – slowed in December, …

  The Bank of Ghana has maintained the monetary policy rate at 14.5%. This is the second time the Bank of Ghana has decided to keep its lending rate to commercial banks in the country. In a press release dated 31st January 2022, the BoG further stated the spillover of …