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BoG policy rate projected to increase by end of December 2022

By the end of this year's December, it's expected that the Bank of Ghana will announce an increase in the Monetary Policy Rate. Prior to...
Business

We are taking steps to restore order in foreign exchange market – BoG Governor

Bank of Ghana Governor, Dr. Ernest Addison, has expressed commitment to restoring order and bringing stability to the country’s foreign exchange market through stringent...
Business

BoG must stop printing money to finance government spending – Ato Forson

Dr. Cassiel Ato Forson, a ranking member of the Support Committee of the House of Representatives, has advised the government against creating money to...
Business

Forex Bureaus sell $1 at GH¢13.85 BoG GH¢13.01 as of October 28

On the Interbank forex rates from the Bank of Ghana on, October 28, 2022, the Ghana Cedi is trading against the dollar at a...
Business

BoG revokes license of two popular forex bureaus in Accra

The Bank of Ghana has revoked the license of the Airport City Forex Bureau within the Atlantic Tower building and Trade House Forex Bureau...
Business

Disregard reports of restrictions on FEA and FCA holders – BoG to public

New claims claiming that the government intends to impose limitations on people who have Foreign Exchange Accounts (FEA) and Foreign Currency Accounts have been...
Business

Forex Bureaus sell $1 at GH¢14.60 BoG GH¢13.01 as of October 26

On the Interbank forex rates from the Bank of Ghana on, October 26, 2022, the Ghana Cedi is trading against the dollar at a...
Business

2022 GEF: Terkper raises concerns over BoG’s financing of deficit

Seth Terkper, a former finance minister, has reopened the discussion on the Bank of Ghana continuing to finance the government, claiming that this will...
Business

Cedi depreciation a reflection of weak economic fundamentals – Economist

According to economist Professor Godfred Bokpin, weak economic fundamentals are the cause of the cedi's ongoing devaluation versus the US dollar. He contends that the...
Business

Forex Bureaus sell $1 at GH¢15.50 BoG GH¢12.54 as of October 25

On the Interbank forex rates from the Bank of Ghana on, October 25, 2022, the Ghana Cedi is trading against the dollar at a...
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