Banking and Finance BoG reduces policy rate to 13.5% Kofi Ahovi May 31, 2021 1 The Bank of Ghana (BoG) has reduced its Monetary Policy Rate to 13.5 percent. The reduction by 100 basis points follows…
Banking and Finance Bank profit growth slows to about 6% due to COVID-19 – BoG Report Kofi Ahovi Apr 29, 2021 0 A slowdown in the growth in gross loans and advances given out by banks in the first 2 months of 2021 due to pandemic-induced…
Banking and Finance BoG directs banks, SDI not to pay dividend for 2020/21 Kofi Ahovi Apr 14, 2021 2 The Bank of Ghana (BoG) has revised its initial directive on suspension of dividend payment by Banks and Special…
Banking and Finance BoG’s holds policy rate at 14.5% again Kofi Ahovi Mar 22, 2021 0 The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has left its policy rate unchanged at 14.5%. According to…
Banking and Finance BoG launches sandbox pilot to support FinTechs innovation Kofi Ahovi Feb 25, 2021 1 The Bank of Ghana on Thursday, February 25, 2021 launched a regulatory and innovation sandbox pilot in collaboration with…
Banking and Finance Stress-test your systems against possible cyber-attacks – BoG to banks Kofi Ahovi Feb 23, 2021 2 Governor of the Bank of Ghana, Dr. Ernest Addison has charged banks in the country to continuously stress-test their…
Banking and Finance Banks remain liquid; records ¢6.1bn pre-tax in 2020 Kofi Ahovi Feb 2, 2021 3 The Bank of Ghana says the impact of COVID-19 on the banking industry’s performance was moderate as banks remained liquid,…
Banking and Finance Akufo-Addo renews tenure of BoG Governor Kofi Ahovi Feb 2, 2021 1 The tenure of the Governor of the Bank of Ghana, Dr. Ernest Addison has been renewed by President Nana Akufo-Addo for another…
Banking and Finance Continue with bold financial sector reforms – Nana Otuo Acheampong urges… Kofi Ahovi Feb 2, 2021 0 Banking Consultant, Nana Otuo Acheampong has welcomed the expected renewal of the tenure of office of the Governor of the Bank…
Banking and Finance Policy rate maintained at 14.5% Kofi Ahovi Feb 1, 2021 0 The Bank of Ghana has kept it policy rate-the rate at which it lends to commercial banks at 14.5%. It cited the balance of…