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30 per cent cut in expenditures will help bolster cedi Ofori-Atta

The Minister of Finance, Ken Ofori-Atta, has assured Parliament that the government and the Bank of Ghana (BoG) are on top of efforts to...

Lawyer pushes for prosecution at BoG over management of cedi

A lawyer, Dr. John Baiden, is pushing for the Attorney General to cause prosecutions at the Bank of Ghana (BoG) over the perceived mismanagement...

Average lending rate rises to 21.6% in April 2022 BoG

Average lending rate of commercial banks rose to 21.6% in April 2022, from 20.57% in March 2022, the Bank of Ghana has disclosed. This is...

E-Cedi must be implemented to forestall disruptions in payment space BoG

The Bank of Ghana (BoG) has noted that in recent years, the idea of issuing digital currencies by central banks has been topical around...

Policy rate increased substantially to 17.5%

As expected, the Monetary Policy Committee of the Bank of Ghana has increased the policy rate the rate at which it lends to...

Here are the banks that offer the cheapest and expensive loans in Ghana

The September 2021 Annual Percentage Rates (APR) by the Bank of Ghana has revealed that Republic Bank, UBA and GCB Bank offered the cheapest...

Ghanas gross international reserves hit US$8,719.7 million

Ghana's Gross International Reserves at the end of February 2021 was US$8,719.7 million, providing cover for 4.2 months of imports of goods and services. The...

Bank of Ghana issues directive on unacclaimed and dormant bank accounts

The Bank of Ghana has issued a directive for unacclaimed and dormant accounts of banks and special deposit-taking institutions.In a statement issued, the central...

BoG unveils sandbox pilot

The Bank of Ghana (BoG) has launched a regulatory and innovation sandbox pilot.According to the Bank in a release, the launch took place on...

BoG addresses digital payment needs of SMEs

The Bank of Ghana (BoG) has established a new merchant payment system that will introduce a tiered account structure to ensure that small and medium enterprises...

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