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Foreign exchange supply of US$60 million made available to BDCs for fuel imports – BoG

To help with fuel imports, the Bank of Ghana has started supplying $60 million in foreign currency to Bulk Oil Distribution Companies. Through a forex...
Business

Government and BoG are working together to solve the falling cedi and rising inflation – Dr. Bawumia

The government and the Bank of Ghana are working together, according to vice president Dr. Mahamudu Bawumia, to solve the continuing cedi depreciation and...
Business

It’s a crime for businesses to charge in dollars – BoG

Ghanaians have been urged by the Bank of Ghana to report companies who list their prices in foreign currencies, particularly the US Dollar. Dr. Joseph...
News

IMF new Mission Chief meets Governor of Bank of Ghana, Dr Ernest Addison

A 2-member delegation, led by the new IMF Mission Chief for Ghana, Stéphane Roudet, on Wednesday, 7th September 2022, paid a courtesy call on...
Business

Interest rates hit 30%; government to pay more on borrowed funds

Interest rates hit the 30 per cent mark as Treasury securities sold a little above 30 per cent on the domestic primary market. According to...
Business

BoG cannot be blamed for delays in prosecution Financial analyst

According to financial expert Michael Dawson, the Bank of Ghana has contributed to the prosecutions in the banking industry clean-up. He claims that as the...
Business

Fitch projects Ghanas real GDP growth to slow to 4% in 2022, 5.3% in 2023

International rating firm Fitch predicted that Ghana's real GDP growth would slow to 4% in 2022 as a result of the country's rising inflation...
Business

BOG urges exporters to embrace the Letter of Commitment (LOC) document

Deputy Director, Foreign Banking Operations of the Bank of Ghana, Mr Eric Kweku Hammond, has advised exporters to embrace the use of the Bank...
Business

Council of State ‘summons’ Ofori-Atta, BoG Governor over cedi depreciation

The Council of State has reportedly invited Finance Minister Ken Ofori-Atta and the Governor of the Bank of Ghana, Dr. Ernest Addison, over the...
Business

Collapsed MFIs and SDIs: EOCO identifies over 100 landed properties for investigation

With clearance from the Bank of Ghana, the Receiver of collapsed microfinance companies and Special Deposit-Taking Institutions has referred 100 properties to the Economic...
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