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$300 million World Bank loan hits BOG account

Bank of Ghana predicts further decline in inflation

The 300 million dollar World Bank facility to support some projects in 2024 has finally been credited to the Bank of Ghana’s (BoG) account. This was after Ghana met all the necessary conditions, including Cabinet and Parliament’s approval to facilitate the transfer of the funds to the country. The Bank of Ghana is expected to […]

Minority resurrects calls for resignation of Governor of Bank of Ghana

Bank of Ghana's foreign exchange reserves remain strong despite donor support delays

By: Doreen Ampofo The Minority in Parliament has resurrected its push for the resignation of the Governor of the Bank of Ghana by formally writing to him to designate an appropriate time to present a petition for his removal.  The group in October, marched to the premises of the Central Bank, seeking the removal of […]

EOCO cautions public against cheque fraud 

EOCO cautions public against cheque fraud 

The Economic and Organised Crime Office (EOCO) has cautioned the public against cheque fraud following an upsurge in such cases. EOCO indicated that this followed an increase in cheque fraud cases that had come to its notice recently. It explained that some fraudsters were using the issuing of cheques and other modes of payment to […]

Police deposit GH₵2.5m received from NAM 1 at Bank of Ghana

NAM1 Trial

By Seli Baisie The Ghana Police Service has confirmed the deposit of GH¢2.5 million, which was received from Nana Appiah Mensah, the former CEO of Menzgold, at the Bank of Ghana. In a statement posted on X (Formerly Twitter), the Police Service stated that the funds were received “on the advice of the Office of […]

Minority embarks on ‘#OccupyBoG’ demo today

Minority embarks on ‘#OccupyBoG’ demo today

The Minority Caucus in Parliament will this morning converge on the Obra Sport in Accra to embark on the ‘#OccupyBoG’ to protest against the Bank of Ghana’s Governor and his two deputies. The Minority will march through some principal streets of Accra, to demand the resignation of the Central Bank Governor and his Deputies after […]

Police ask Minority to change routes for intended Occupy BOG protest

Minority rejects

The Greater Accra Regional Police Command has asked leadership of the minority in parliament to relocate routes for picketing in its intended Occupy BoG protest, slated for the 5th of September, 2023. A statement signed by COP Dr. Sayibu Pabi Gariba said the initial destination for picketing, which is the Bank of Ghana, is a […]

Dormaahene chastises BOG for plans to invest $250M in new edifice

Bono

Dormaahene Osagyefo Oseadeyo Dr. Agyeman Badu, has condemned Management of the Bank of Ghana (BOG), for planning to invest $250 million in the construction of a new Headquarters in Accra. He described the timing of the project as inappropriate, as Ghana grapples with economic issues. Osagyefo Oseadeyo Agyeman Badu, who is also the President of […]

Bono Chiefs appeal to government to probe $250 million BoG project

Bono

Osagyefo Oseadeeyo Agyemang Badu II, the President, Bono Regional House of Chiefs, has appealed to the government to probe the US$250 million being spent by the Bank of Ghana (BoG) on its new office building project. According to him, “the BoG is not an independent institution but works in the supreme interest of Ghanaians”, saying […]