Tag Archives: BOG

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 …

The Bank of Ghana (BoG) has called on the state to amend the Criminal Code so the central bank can go after money-doublers because there is no law to take care of that now. Naa Welbeck Anuonyam, an official at the Financial Stability Department of the BoG, said the central …

Ghana is taking the fight against money laundering seriously due to the effect of such practice on the economy and the country’s international image, Naa Welbeck Anuonyam, an Official at the Financial Stability Department of the Bank of Ghana, has said. Ms Anuontam told members of the Institute of Financial …

Most money launderers around the world use West Africa (WA) as their entry point into Europe, Naa Welbeck Anuonyam, an Official at the Financial Stability Department of the Bank of Ghana, has said To that end, she said Ghana is taking the fight against money laundering seriously due to the …

The Bank of Ghana, BOG has asked market players not to panic because they have adequate dollars to stabilize the cedi. The BOG gave the assurance in a circular issued to all commercial banks in the country. According to Joy FM’s report, the circular could be seen as the fresh …

Ghana’s debt stock as at the end of September 2019 stood at ¢208.6b. This was contained in the November Bank of Ghana’s summary of financial and economic data released after the Monetary Policy Committee met this week to review the “health” of the economy. Breakdown The GH¢208.6 billion total debt …

The Bank of Ghana over the coming weeks will issue onto the forex market a total of US$ 25 million, following a successful FX forward auction held on November 12, 2019. A notice from the BoG indicates that bids amounting to US$ 71.5 million were received from businesses through their …

The Bank of Ghana (BoG) on Tuesday ordered the closure of Aero Cash forex bureau operated by two Nigerians in Dzorwulu, Accra. This is due to failure by the operators to provide relevant documents to the Bank of Ghana to ascertain the legality of their operations. A team from the …