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First tranche of Cocoa Syndicated Loan hits BoG’s account

The first tranche of the Cocoa Syndicated Loan, amounting to about $541 million, has been credited to the Bank of Ghana's account, according to...
News

GHC3.19bn written off as bad debt by banks in October – BoG

Banks in Ghana wrote off GH¢3.19 billion as bad debt in October 2023, marking a 9.5% year-on-year increase, as revealed by the Domestic Banks...
Business

Ghana’s tourist arrivals surge by 17.8% in Q3 2023 – BoG

The Bank of Ghana (BoG) has released data indicating a significant surge in tourist arrivals, recording 304,171 individuals in the third quarter of the...
Business

Shippers Authority, Bank of Ghana collaborate to educate exporters on Letter of Commitment requirement

The Ghana Shippers Authority, in collaboration with the Bank of Ghana, has conducted an awareness workshop on the Bank of Ghana Letter of Commitment...
News

Next of Kin doesn’t automatically inherit bank account – BoG clarifies

Head of the Conduct Supervision Unit at the Bank of Ghana (BoG), Augustine Donkor, has clarified that being the next of kin to a...
Business

Bank of Ghana issues warning, reiterates 60-day Grace period for exporters

The Bank of Ghana (BoG) has cautioned exporters against failing to repatriate a portion of their proceeds, emphasizing that sanctions will be imposed for...
Business

Google removes, prohibits 200 illicit Ghanaian loan applications from the Play Store

Despite the challenges encountered throughout the year, the Bank of Ghana affirms its commitment to the pursuit of financial inclusion as a policy objective....
News

Bank of Ghana implements new monetary policy measure to manage inflation

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has implemented an additional monetary policy measure aimed at absorbing excess capital from...
Business

A dollar goes for GHS12.25 at forex, BoG interbank rate at GHS11.59

On November 28, 2023, the Bank of Ghana reported the interbank forex rates, revealing that the Ghana Cedi trades against the dollar at a...
Business

Anticipating IMF board meeting for release of 2nd Tranche before year-end – BoG Governor

Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has expressed expectations that the board of the International Monetary Fund (IMF) will convene...
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