Banking sector is sound- BoG
The Bank of Ghana has reaffirmed that the banking sector remains sound, and well-capitalised with strong growth in total assets,…
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BoG
BoG raise policy rate to 14.5%
The Central Bank has increased the policy rate, the rate at which it lends to commercial banks, to 14.5% after maintaining it for…
Ghana’s reserves fall to $7.32bn in October 2021-BoG
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…
Gold exports hit US$6.80 billion in 2020
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…
BoG buys first gold in 60 years: Plans to purchase 540kg with GH¢200m in…
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…
BoG Composite Index of Economic Activity up
The Bank of Ghana’s updated Composite Index of Economic Activity (CIEA) for July 2021 reflected continued recovery in domestic…
Cost of credit falls marginally, as average lending rate pegged at 20.51% –…
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.…
BoG maintains policy rate at 13.5% again
The Central Bank has maintained the policy rate, the rate at which it lends to commercial bank, at 13.5% again.
It explained in…
BoG determined to develop vibrant financial sector – Dr. Ernest…
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has emphasized that his outfit is determined to develop a vibrant…
Ghana on track to introduce E-Cedi – BoG boss
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has revealed that his outfit is on track to introduce Ghana’s digital…