Tag Archives: BOG

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 …

It is an offence punishable by a fine and/or imprisonment of up to five years to issue a dud cheque, the Bank of Ghana has warned the general public. The central bank said in its financial literacy education series that people must always ensure there is enough funds in their …

For the first time in about 60 years, the Bank of Ghana (BoG) has purchased gold to augment its gold reserves and shore up the country’s foreign assets. The bank bought 280 kilogrammes of the precious metal this year under a historic gold purchase programme meant to double its gold …

• The GH¢1 and GH¢2 notes will be replaced by its respective coins • This is because the notes, after widely being circulated, come back weak and torn • This was made known by the Governor of the Bank of Ghana Bank of Ghana Governor, Dr Ernest Addison, has disclosed that very soon, …