Central Bank borrows GHS 1.3bn from domestic debt market
The Central Bank on Wednesday raised GHS 1,338 million through the issuance of its bills known as the Bank of Ghana (BoG) bills…
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BoG Governor recalls loss of $500m reserves in two months
In a candid exposition at the Chartered Institute of Bankers 2023 Governor’s Day, Dr. Ernest Addison, Governor of the Bank of…
BoG vows vigilant oversight amid economic recovery
In a keynote address at the Chartered Institute of Bankers 2023 Governor’s Day, Dr. Ernest Addison, the Governor of the Bank of…
BoG announces 1,100% increment in minimum paid-up capital for Credit…
In a sweeping move, the Bank of Ghana (BoG) has enacted a remarkable 1,100 percent surge in the minimum paid-up capital for both…
BoG announces impending closure of Non-Bank Financial Institutions facing…
The Bank of Ghana has revealed plans to shut down a number of Non-Bank Financial Institutions (NBFIs) grappling with significant…
Banking industry registers 3.2% annual growth in total assets value
Ghana’s banking sector maintains a steadfast stance, characterized by stability, soundness, liquidity, and profitability, says…
Private sector credit contracts by 7.5% in October, reflecting banks’…
Private sector credit contracts by 7.5% in October, reflecting banks’ caution amid macroeconomic challenges
The Bank of Ghana…
BoG maintains policy rate at 30% again
The Central Bank has maintained its monetary policy rate at 30%.
This is the second time the BoG has maintained the policy rate…
Ghana records $2bn positive trade balance as exports hit $13.4bn
Total exports at end-October 2023 stood at $13.4bn.
This compares favourably to the total imports value of $11.3bn at…
BoG fines, suspends Zeepay over forex regulation breaches
The Bank of Ghana has imposed fines on Zeepay Ghana Limited for violating clause 7.3(a) of the Inward Remittance regulations.…