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Bankers to fight fraud among bank workers

The Chartered Institute of Bankers in collaboration with the Bank of Ghana (BoG) and the Ghana Association of Bankers will soon launch the Ghana...

Total financial system assets expanded in 2019 BoG

The Bank of Ghana (BoG) has noted in its Financial Review Report for 2019 that Total financial system assets expanded in the period under review. The assets...

Liquidity risk is well contained in the banking sector BoG

The Bank of Ghana has noted that profitability within the banking sector improved during the year under review. Return-on-Equity (ROE) increased to 28.65 percent at end-December...

Don’t allow ‘money doublers’ on your platforms – BoG to media houses

The Bank of Ghana has notified all media outlets not to allow the broadcast of illegal money doubling and credit card loading schemes on their...

Value of mobile money transactions doubles in last twelve months BoG data

Data from the Bank of Ghana has revealed that the value of mobile money transactions in the country has significantly doubled in the last twelve months. According...

Cedi gains lifeline from Central Bank

Ghana's cedi has weakened every year since at least 1994. Now the central bank appears to have drawn a line in the sand, ready...

REPO trading goes online from October 1 – Bank of Ghana

The Bank of Ghana has announced that the trading of Repos in Ghana will go online from October 1, 2020, allowing trades to be executed in...

Act quickly to address early signs of bank distress BoG to shareholders, bank boards

The Second Deputy Governor of the central bank, Elsie Addo Awadzi, has charged shareholders, boards of banks and other deposit-taking institutions to quickly in...

It didn’t make sense to continue supporting the collapsed banks – Bawumia

Vice President Dr Mahamudu Bawumia says government had no option than to shut down some banks and financial institutions in the country. He said even...

Cheque fraud in Ghana increased in 2019 BoG

The number of cheque fraud cases increased marginally by 2.56 per cent from 39 cases in 2018 to 40 cases in 2019, the Bank of...

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