Tag Archives: BOG

The Bank of Ghana has warned persons trading the Ghana cedi notes and coins currently in circulation as legal tender on online platforms to desist from the illegal act. The central bank said it is the only institution with the right to issue and redeem Ghana cedi notes and coins …

Members of the Governing Council and Executives of GARIA Distinguished GARIA Members, Distinguished Resource Persons Invited Guests, Ladies and Gentlemen Good morning. I bring you warm greetings and felicitations from Governor Ernest Addison and the entire management team of the Bank of Ghana. I am truly humbled to have been called upon to …

The measures put in place to deal with the ravages of the corona virus pandemic on the Ghanaian economy by President Akufo-Addo are beginning to yield results, Dr Ernest Addison, Governor of Bank of Ghana has said. He said this when President Akufo-Addo paid a working visit to the central bank …

The Bank of Ghana (BoG) has said it has continued to strengthen its regulatory effectiveness to help achieve its financial stability objective. In a statement to mark the 63rd anniversary of the central bank, the BoG noted that the scale-up of the supervisory role has been seen in the closure of 420 …

CRISIS TO RECOVERY STRENGTHENING ECONOMIC INSTITUTIONS IN SUB-SAHARAN AFRICA DURING COVID-19 SPEAKING NOTES FOR IMF WEBINAR DR. MAXWELL OPOKU-AFARI, FIRST DEPUTY GOVERNOR, BANK OF GHANA JULY 22, 2020 1. Introduction The global economy is going through extraordinary times, requiring even more exceptional responses. Policy response has been swift and decisive in …

The Bank of Ghana (BoG) has served notice that a number of financial institutions are falling victim of a new method being adopted by fraudsters to dupe banks and other financial institutions.. The central bank said it therefore raising awareness among the institutions and Ghanaians in general in order to prevent the …

A video containing huge bundles of the newly printed GH¢100 and GH¢200 notes believed to be amounting to billions of Ghana cedis, has hit the internet igniting wild speculations among social media users and political party fanatics, as to who owns it and what it was meant for. The amount …

    Deputy Governor of the Bank of Ghana, Elsie Awadzie, has disclosed that over GH¢3 billion has been advanced to businesses by commercial banks following the lifting of coronavirus restrictions. Speaking at a webinar organised by the University of Ghana Business School (UGBS), the Deputy Governor of the central bank …

A total of GH¢306 million has been spent by the Central Bank to print money in 2019 including the new notes of GH¢100 and GH¢200. From GH¢147million spent in 2018, the jump, which represents an increment of 108%, is attributed to the new notes. According to the Bank of Ghana’s 2019 …

Former Deputy Minister of Energy under the erstwhile Mahama-led administration John Jinapor has said it is “illegal and a clear violation” of the Bank of Ghana (BOG) Act for the Central bank to lend GHS10 billion to Government. Minister for Finance, Ken Ofori-Atta on Friday, 29 May 2020 in a statement presented …