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Cedi classified as worst performing currency in the world after Sri Lanka’s Rupee – Bloomberg survey

The Ghana cedi has now been classified as the worst performing currency in the world after Sri Lanka's Rupee, a recent currency performance ranking...
Business

Benchmark rate increased by the BoG Monetary Policy Committee to 22%

The Bank of Ghana raised the monetary policy rate from 19% to 22%, an increase of 300 basis points. This follows a crisis meeting on...
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...
Business

GHS24.6bn new loans advanced by banks in first half of 2022 – BoG

New loans advanced by banks from January to June 2022 amounted to GH¢24.6 billion, the Bank of Ghana (BoG) has revealed. The Banking Sector Development...
News

GUTA calls on Bank of Ghana to revise investment laws

Leadership of the Ghana Union of Traders Association (GUTA) is urging the Bank of Ghana to review the investment laws, which give foreigners the...
Business

BoG report: Banks lose GH¢ 61m to fraud, 53% Of cases involve staff

The banking sector in the country last year lost GH¢61 million through fraud and other banking malpractice. This represents a surge of 144 per...
Business

MPC begins crucial meeting to support revival of economy

The Monetary Policy Committee (MPC) of the Bank of Ghana will begin its 107th regular meeting from today July 20, 2022 to Friday, July 22,...
News

Investments of more than 6,000 Starlight customers in stalemate, Agents at large

Millions of cedis of more than 6,000 customers of a firm known as “Starlight Project” are in limbo as administrators and agents of the...
Business

5% of revenues from organizations are lost through fraud – Eric Mensah

The Lead of Financial Crimes and Anti Money Laundering at the e-Crime Bureau, Eric Kwaku Mensah, has mentioned that 5% of revenues generated by...
Business

Number of fraud cases in banking industry reduce to 12%, but loss value surges BoG

The number of attempted fraud cases in the banking industry reduced by 12.09% in 2021 to 2,347, a report by the Bank of Ghana...
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