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…
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BoG
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…
CalBank has lowest average lending rate in Ghana – BoG
As average lending rates across Universal Banks continue to drop in the country, albeit marginally, some banks appear to have far…
Most banks do not charge fees for ATM cash withdrawal- BoG
A survey of bank charges by the Bank of Ghana conducted in the first quarter of 2021 has revealed that majority of the 23 banks…
Value of reported fraud cases reach GHs1 bn in 2020 – BoG
The value of reported fraud cases in the banking sector for the year 2020, the Bank of Ghana (BoG) says increased by 765…
Credit to private sector contracts in 2nd quarter 2021-BoG
Deposit Money Banks’ (DMB) credit to the private sector contracted marginally by 1% during the second quarter of 2021 says a Bank…