Banking and Finance BoG, EOCO flag more ponzi companies Kofi Ahovi Mar 9, 2022 1 The Bank of Ghana (BoG) has cautioned the public against dealing with cryptocurrency exchange platform, “BitCash Currency…
Banking and Finance We’re cautious in piloting e-Cedi Kofi Ahovi Feb 25, 2022 1 The Bank of Ghana says it has adopted a cautious approach with the piloting of the digital currency – the e-Cedi, despite…
Banking and Finance BoG maintains policy rate at 14.5% Kofi Ahovi Jan 31, 2022 1 The Central Bank has maintained its monetary policy rate of 14.5%. This is the second time the regulator has maintained its…
Banking and Finance Banking sector is sound- BoG Kofi Ahovi Nov 23, 2021 0 The Bank of Ghana has reaffirmed that the banking sector remains sound, and well-capitalised with strong growth in total assets,…
Banking and Finance BoG raise policy rate to 14.5% Kofi Ahovi Nov 22, 2021 0 The Central Bank has increased the policy rate, the rate at which it lends to commercial banks, to 14.5% after maintaining it for…
Banking and Finance Ghana’s reserves fall to $7.32bn in October 2021-BoG Kofi Ahovi Nov 22, 2021 0 Ghana’s net international reserves fell from $8.21 billion in August 2021 to $7.32 billion in October 2021, about 4.9 months of…
Commodities Gold exports hit US$6.80 billion in 2020 Kofi Ahovi Sep 30, 2021 0 Gold exports receipts in 2020 increased to US$6.80 billion, from US$6.23 billion in 2019 on account of price increases, Bank of…
Commodities BoG buys first gold in 60 years: Plans to purchase 540kg with GH¢200m in… Kofi Ahovi Sep 30, 2021 0 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…
Economy BoG Composite Index of Economic Activity up Kofi Ahovi Sep 28, 2021 0 The Bank of Ghana’s updated Composite Index of Economic Activity (CIEA) for July 2021 reflected continued recovery in domestic…
Banking and Finance Cost of credit falls marginally, as average lending rate pegged at 20.51% –… Kofi Ahovi Sep 28, 2021 0 Despite concerns that the cost of loans is very high, average lending rate fell by 0.11% from June 2021 to 20.51% in August 2021.…