Tag: Bank of Ghana
Business
BoG suspends CBG’s foreign exchange trading licence for a month
The Bank of Ghana (BoG) has announced the suspension of the Foreign Exchange Trading Licence of Consolidated Bank Ghana (CBG), effective from 26th November...
Business
Liquidity risk well-contained in banking industry – Bank of Ghana
The Bank of Ghana has disclosed that liquidity risks in the banking sector are manageable, contingent on the liquidity of Government of Ghana (GoG)...
Business
Calm down, BoG has enough dollar reserves – Finance Minister to business
Finance Minister Dr. Mohammed Amin Adam has provided assurance to businesses and market stakeholders, emphasizing that the Bank of Ghana (BoG) possesses ample dollar...
Business
BoG’s eCedi grabs innovation in digital currency design award
The Bank of Ghana (BoG) has won the prestigious Innovation in Digital Currency Design for Financial Inclusion award for its eCedi at the 2024...
Business
Value of mobile money transactions surges by GHC744bn
The total value of mobile money transactions in Ghana surged by a remarkable GH¢744 billion, hitting GH¢1.775 trillion in the first eight months of...
Business
Bank of Ghana’s July 2024 report reveals surge in non-performing loans
The Monetary Policy Report for July from the Bank of Ghana highlights a significant increase in the banking sector's Non-Performing Loans (NPL) ratio, which...
Business
Why BoG vows to maintain tight monetary policy
The Bank of Ghana has affirmed its dedication to sustaining a stringent monetary policy until inflation shows a consistent downward trend.In a statement to...
Business
Bank of Ghana unveils unified foreign exchange platform
The Bank of Ghana (BoG) has introduced a centralized foreign exchange trading platform.In a statement issued by Sandra Thompson, Secretary to the Bank of...
Business
Cedi falls 19.6% against the US Dollar as of July 2024 – BoG
As of July 2024, the Ghana cedi has experienced a depreciation of approximately 19.6% relative to the US dollar on the interbank forex market,...
Business
29% policy rate maintained by BoG following 119th meeting
The Monetary Policy Committee of the Bank of Ghana has opted to hold the policy rate steady at 29% after its 119th regular meeting.This...