Tag Archives: BOG

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 …

BoG aims to strengthen cedi’s local performance BoG to invite bidding on separate days BOG to publish auction calendar quarterly The Bank of Ghana has announced that it will auction $450 million in the first quarter of this year. According to the Central Bank, the move is expected to help strengthen the …

This article is a rejoinder to Bank of Ghana, BOG’s press statement headlined, “Responses to Issues Raised by Togbe Afede XIV (TAXIV) on High Interest Rates in Ghana”. During the courtesy call on me by the Rt. Hon. Alban Bagbin, Speaker of Parliament, on November 20, 2021, I spoke against …

The Bank of Ghana (BoG) has warned of a money-doubling scheme operating in Ghana under the pseudo name “Worldremit”. “This fraudulent scheme is distinct from the globally renowned Fintech, “’WorldRemit’ which is in the business of international fund transfers,” the BoG said in a statement. The central bank explained that …