Tag Archives: BOG

    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 …

After President Nana Addo Dankwa Akufo-Addo, his vice and appointees donated their 3-month salary to the COVID-19 Trust Fund, many people including some members of the opposition political parties have made donations. Faith-based organisations and business moguls have also contributed their quota towards the growth of the national trust. The latest to make …

The Board Chairman of Afro Arab Microfinance Company limited Alhaji Salamu Amadu has commended the governor of Bank of Ghana(BOG) Dr. Ernest Addison for the bold step he took to help stabilise the financial sector. Alhaji Salamu believes the move by the central bank to “cut interest rates” in fighting …

President Nana Akufo-Addo has lauded the central bank on its recent award as the African Central Bank of the Year 2019. According to the president, the award was proof of the “excellent work” by the Governor of the Bank of Ghana, Dr Ernest Addison, in reforming the financial sector. In …

Report reaching DGN online indicates that the police have launched a manhunt for the arrest of a former Deputy Governor of the Bank of Ghana, Dr. Johnson Asiamah. The former deputy Governor is wanted in connection with the banking crisis that led to the collapse of nine commercial banks. The …

The growth rate in commercial banks’ deposits has slowed down amidst the reforms undertaken by the central bank to strengthen the sector. The Bank of Ghana in its latest banking sector report stated that deposits, as the main source of funding for the banking industry, grew by 17.1 percent in …

The Bank of Ghana has said the introduction of the new higher denomination banknotes it issued recently was the result of a well-thought-out currency reform programme. The central bank is reacting to a comment by former President John Mahama that the introduction of the new notes was done on the …

The Central Bank has reacted to claims by former President John Mahama that it did not follow proper procedure in introducing new notes to the country’s currency mix. “The public was ambushed. One day we just got up and they said they are introducing new notes. No public sensitisation, the …