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Monday, February 6, 2023

BoG

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...

BoG withdraws Credit Reporting License of HudsonPrice Data Solution for non-compliance

By: Mabel Annang   The Bank of Ghana, BoG has cautioned financial sector players to stop submitting data on the credit history of their clients to credit reference bureau firm, HudsonPrice Data Solution with immediate effect. In a letter to banks, Specialized...

First Deputy Governor of BOG Dr. Maxwell Opoku-Afari inducted Fellow of GAAS

By: Naa Dzabley Ago The First Deputy Governor of the Bank of Ghana (BoG), Dr. Maxwell Opoku-Afari has been inducted as a Fellow into the prestigious Ghana Academy of Arts and Sciences (GAAS).   The ceremony was held on Tuesday, 15th November...

BOG denies giving government 70 billion cedis

The Bank of Ghana, BOG has denied allegations by the Member of Parliament for Bolga Central, Isaac Adongo, that it gave more than 70 billion cedis to the government to finance maturing debts on the domestic market. In a statement,...

BoG takes measures to halt overpricing in forex business

The Bank of Ghana (BoG) will be meeting the Managing Directors of some of the Banks and the Heads of the Forex Bureau Association today, October 25, 2022, to hold discussions aimed at ensuring that the supply of forex...

Rural Banks yet to comply with BOG’s 2021 Corporate Governance directives

By: Ewurabena Paha A Deputy Governor of the Bank of Ghana (BOG), Mrs. Elsie Addo Awadzie says being a Chief Executive Officer (CEO) of a bank is not an issue of prestige but rather that of a huge responsible. Speaking as...

BoG increases Monetary Policy Rate to 24.5%

By: Franklin ASARE-DONKOH The Monetary Policy Committee of the Bank of Ghana (BoG) has increased the Monetary Policy Rate by 250 basis points to 24.5 percent. The Governor of BoG, Dr. Ernest Addison in announcing the new rate explained that the...

Three Gold Firms on board in efforts to stabilize Cedi – BoG

By Rukiyatu Musah The Bank of Ghana, BoG, says three gold Mining Firms have come on board its domestic Gold purchase programme to shore up the country’s reserve. According  to the Bank, it has now resorted to diversification of its assets...

BoG to boost reserves by $500m

SOURCE: GRAPHICONLINE The Bank of Ghana (BoG) is confident of boosting its reserves by half a billion US dollars from miners, oil and gas-producing firms and other major exporters between now and December. The purchases are to accrue from a new...

BoG flags 19 entities for unauthorised lending

SOURCE: GNA The Bank of Ghana (BoG) has flagged 19 illegal money lending institutions and advised the public to desist from doing business with them. This followed an observation that a number of unlicensed entities are engaged in the provision...

Latest News

Rent loans “lazy jerk approach to solving problems” – National Tenants Union of Ghana

By: Michael Ahinsah The Secretary-General for National Tenants Union of Ghana (NATUG), Mr. Frederick Opoku, has berated the government for...

Melcom rejects non-compliance claims over e-VAT

The country’s largest retail outlet, Melcom, has stated that it is fully compliant and cooperative with the Ghana Revenue Authority (GRA). Melcom said with the...

‘To condemn homosexuals is a sin, criminalizing people with their tendencies is an injustice – Pope Francis

Source: Catholic News Agency On his return flight from South Sudan on Sunday, Pope Francis said that God loves and accompanies people with same-sex attraction. When...

Police pick up 6 out of 16 wanted in NDC Congress skirmishes

The Police have arrested two more suspects wanted in connection with the violent disturbances that occurred during the NDC’s National Youth and Women’s Congress...

Gold-for-Oil: 11 OMCs fail to reduce prices on first consignment

SOURCE: GNA Some 11 out of 27 Oil Marketing Companies (OMC) that benefited from the Gold-for-Gold policy have failed to reduce prices of their commodities,...