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Business

BoG’s operating loss drops by 28% to GH¢9.49bn in 2024

The Bank of Ghana (BoG) has reported an operating loss of GH¢9.49 billion for the 2024 financial year, reflecting a 28.27 percent reduction from...
Business

Non-FEA, FCA account holders’ forex purchases for travel outside Ghana capped at US$10,000 – BoG

The Bank of Ghana (BoG) has announced that it has capped the forex purchases for travel outside Ghana by non-FEA (Foreign Exchange Accounts) and...
News

Over-the-counter cash withdrawals in foreign currency still allowed – BoG clarifies

The Bank of Ghana (BoG) has clarified that over-the-counter (OTC) cash withdrawals in foreign currency from Foreign Exchange Accounts (FEA) and Foreign Currency Accounts...
Business

“As long as I am Governor no revoked banking licenses are wiil be reinstated – Dr. Addison

Governor of the Bank of Ghana, Dr. Ernest Addison, has made it clear that the banking licenses that were revoked during the financial sector...
Business

Bank of Ghana issues new lending rules for financial institutions

The Bank of Ghana has issued the Large Exposures Directive for Banks, Savings and Loans, Finance Houses and Financial Holding Companies. The objectives of the...
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...
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