#OccupyBoG protest: We will not leave until Governor receives our petition- Dr. Ato Forson
By Emmanuel Oti Acheampong Leader of the Minority group in Parliament, and MP for Ajumako Enyan Esiam Constituency, Dr Cassiel Ato Forson, has declared that the protestors will not leave the premises of the Bank of Ghana if the governor of the Central Bank refuses to come out to receive their petition. The #OccupyBoG protest […]
‘Sale’ of NIB: Minority raises red flag; indicts BOG
By: Edzorna Francis Mensah The Minority has raised a red flag over an attempt by the government to ‘sell’ the National Investment Bank, NIB, to the Agricultural Development Bank, (ADB) over a lack of liquidity to recapitalize. Explaining the complexity of the matter as it unfolds, the Ranking Member of the Finance Committee in Parliament […]
NDC left behind a robust economy – Minority Leader replies Ofori-Atta
By: Franklin ASARE-DONKOH The Minority Caucus in Parliament, led by its leader, Dr. Cassiel Ato Baah Forson, has hit back at Finance Minister Mr. Ken Ofori-Atta for accusing the ex-while National Democratic Congress (NDC) administration under the leadership of Mr. John Dramani Mahama of leaving behind a derailed International Monetary Fund (IMF) programme. The Finance […]
BoG justifies construction of $250M new headquarters; says current edifice cannot withstand earth tremors
The Bank of Ghana (BoG) has justified the construction of a new headquarters, insisting that its current head office, built in the 1960s, is no longer fit for purpose. The National Democratic Congress, NDC, had earlier accused the Bank of building a new Head Office at 250 million dollars. In a statement in Accra, the […]
BoG’s GH₵60.8 bn debt is a technical loss – Ken Ofori-Atta explains
By: Roberta Gayode Modin The Bank of Ghana (BoG) incurred a loss of GH₵60.81 billion from its audited financial statement for the 2022 fiscal year. This loss according to the BoG, is largely due to government’s debt restructuring activities. Speaking on GBC’s “Talking Point”, the Finance Minister affirmed the claims made by the Central Bank. “You can […]
BOG suspends Forex Licences of Fidelity, First National Bank Ghana
The Bank of Ghana, BOG, has fined and subsequently suspended the licences of the Fidelity Bank Ghana Limited and the First National Bank Ghana Limited. A statement released in Accra on Thursday, June 29, 2023 said the fine and suspension are in line with the breach of provisions of the Ghana Interbank Forex Market Conduct […]
$600 million IMF money drops tomorrow – BoG Governor
The first tranche of $600 million out of the $ 3 billion IMF programme will hit the accounts of the Bank of Ghana tomorrow, May 19, 2023, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison has confirmed. The Governor noted that the money would boost the country’s reserves and the Cedi which […]
Data essential to financial inclusion drive – 2nd Deputy Governor, BOG
By: Naa Dzabley Ago Second Deputy Governor of the Bank of Ghana (BOG) Mrs. Elsie Addo-Awadzi has emphasized the importance of data if the progress of financial inclusion is to be monitored. She said data is essential as it helps to measure the gaps in inclusion, design appropriate evidence-based interventions, and monitor their implementation and effectiveness. Speaking […]
Minority opens fire on Government, BoG over economic hardship
By: Edzorna Francis Mensah The Minority Leader has attributed Ghana is witnessing “hyperinflation of 54%+”, to the fact that the Bank of Ghana (BoG) has unlawfully printed about GH₵ 50 billion in the year 2022 alone and this he said, has resulted in the depletion of the International Reserves to about two weeks of import […]
NCCE and BOG to collaborate on ”Clean Notes Campaign”
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has reiterated the need for more public education on the proper handling of the Country’s currency notes. He urged the National Commission for Civic Education, NCCE to play a key role in the Bank’s “Clean Notes Campaign” initiative which includes helping to educate citizens […]
