Tag Archives: BOG

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 …

Individuals and businesses seeking credit from commercial banks this year should be offered some respite as the Economist Intelligence Unit is predicting that the Bank of Ghana will lower its lending rate. The business intelligence advisory firm in its latest country report stated that the Bank of Ghana’s policy rate …

The Bank of Ghana will auction US$715 million in Forward Foreign Exchange Auctions in the whole of 2020. The months with the expected highest auctions of US$80 million each are January, February and March 2020. In accordance with the Foreign Exchange Forward Auction guidelines issued on the 23 September 2019, …

Mr. Apatsea Isaac Kwasi, Chief Executive Officer (CEO) of Center for Leadership and Democratic Governance (CLDG) has appealed to the Bank of Ghana (BoG) to reconsider other people who served to bring Ghana to where it is today and honour them by using their images on the currency of Ghana …