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Fraud cases in banking sector increase by 5.5% in 2019 BoG report

New figures released by the Bank of Ghana show that fraud cases in the banking sector increased to 2,295 from 2,175, representing 5.5 percent...
Business

Confidence indicators beginning to show signs of improvement – Addison

Governor of the Bank of Ghana, Dr Ernest Addison has said the global financial markets have eased somewhat reflecting decisive monetary, financial, and fiscal...
Business

Access to credit for MSMEs improved Bank of Ghana

The Bank of Ghana (BoG) has taken steps to improve access to credit for micro, small and medium-sized enterprises (MSMEs) through the banks, savings and loans...
Business

BoG receives 30 weekly complaints from public on banking issues

The Market Conduct Office of the Bank of Ghana receives an average of 30 weekly complaints from the public. This follows the completion of the...
Business

US$450,000 FX Auction rejected but bids oversubscribed by 202%

US$450,000 bids submitted for the 17th Forex Forward Auction was rejected by the Bank of Ghana. This was because the bids did not meet the...
Business

Average lending rate drops marginally in April

After staying virtually flat for about a year and a half, the average lending rate of banks has started to show signs of decline...
Business

Bank of Ghana licences first Fintech

In furtherance of efforts to deepen financial inclusion and in accordance with the Payment Systems and Services Act, 2019 (Act 987), the Bank of...
Business

BoG orders banks, SDIs to stop paying dividend to customers

The Bank of Ghana has directed banks and Specialised Deposit-Taking Institutions (SDIs) to desist from paying dividends to their customers until further notice. This according...
Business

BoG relaxes deadlines for financial institutions

The Bank of Ghana has extended almost all deadlines for financial institutions, including when to meet its minimum capital requirement. Though no reasons were given,...
Business

BoG intensifies education on electronic payments

The Bank of Ghana (BoG) has encouraged stakeholders in the financial sector to intensify public education and sensitisation on the new electronic payment system...
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