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BoG debunks claims of introducing GH¢500 coin

The Bank of Ghana (BoG) has advised Ghanaians to disregard speculations that the institution plans to soon make a GH500 coin the official unit...
Business

BoG refutes claims that it is issuing GHS 500 coins

The Bank of Ghana (BoG) has described reports regarding the issuance of GH¢500 coins as false. According to the Central Bank, there is currently no intention to...
Business

Witness accuses Nyinaku of stealing the bank’s 200,000 US dollars in the Beige Bank case

The first prosecution witness in the criminal trial of the former CEO and owner of defunct Beige Bank, Mike Nyinaku, has alleged that the...
Business

Criminal case involving UniBank adjourned to April 2023

The state has charged founder of defunct Unibank Limited, Dr. Kwabena Duffuor and five others in the matter of between the Republic vs. Dr...
Business

Money bouquet for birthday, wedding celebration is illegal – BoG

The Bank of Ghana has warned Ghanaians to refrain from sending gifts to others in the form of cedi bouquets and hampers. It said the...
Business

Ghana’s inflation on food and energy will affect the economy- BoG

The Bank of Ghana has said the global inflation ease on food and energy prices could have a trickle-down effect on Ghana’s economy. At its recent Monetary...
Business

Foreign exchange reserves decrease to US$5.9 billion – BoG

The Bank of Ghana has said Ghana’s gross international reserves fell to US$5.9 billion as of the end of February 2023. It is enough to provide import...
Business

Banks with CAR less than 10% must recapitalize- BoG

Banks with a capital adequacy ratio (CAR) of less than 10 percent of their assets have been asked to submit plans for recapitalisation, Bank of...
News

Oppong Nkrumah urges Minority to collaborate with Majority to enact revenue bills

In order to pass the three revenue bills that are currently before the House, Kojo Oppong Nkrumah, minister of information, has urged the minority...
Business

 BoG raises policy rate to 29.5%.

The Bank of Ghana has increased its policy rate by 150 basis points to 29.5% to help check the high inflation and any downside...
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