Tag: BoG
Business
BoG can’t resolve inflation challenges, cross-sectoral approach needed – GSS
The Ghana Statistical Service (GSS) has emphasized the need for a collaborative, cross-sectoral approach to addressing inflation, stressing that the responsibility should not fall...
Business
BoG grants 15 brokers authorisation to operate in interbank FX market
The Bank of Ghana (BoG) has authorised 15 foreign exchange (FX) brokers to operate on the Ghana Interbank Foreign Exchange Market for the year...
Business
BoG Governor projects inflation will fall to single digits by the first quarter of 2026
Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has announced that the central bank expects inflation to drop to single digits by...
Business
Salaries would’ve been withheld, no return on investment if not for DDEP – BoG Governor
Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has revealed that salaries would have gone unpaid, and investment returns halted if not...
Business
BoG to activate MPCC if inflation surpasses 18% ±2% target – Report
The Bank of Ghana may activate the Monetary Policy Consultation Clause (MPCC) if the country fails to achieve the central inflation target of 18.0%...
Business
BoG rolls out stricter bancassurance regulations for financial sector shareholders
The Bank of Ghana (BoG) has released the bancassurance guidelines as an Exposure Draft, inviting feedback from the banking sector and the public, in...
Business
BoG to offer $120M in auction to BDCs in first quarter of 2025
The Bank of Ghana (BoG) is set to conduct a foreign exchange auction of $120 million for Bulk Oil Distribution Companies (BDCs) in the...
Business
Total assets in banking sector surge by 3.4% to GHC367.2bn – BoG
The Bank of Ghana (BoG) reports that total assets in the banking sector increased by 3.4% month-on-month to reach GHC367.2 billion in October 2024....
Business
BoG reports $3.8bn trade surplus in October 2024
Ghana recorded a trade surplus of $3.8 billion by the end of October 2024, demonstrating sustained export growth despite global economic challenges.This milestone,...
Business
Value of MoMo transactions surge by GHC13.7 billion – BoG
Data from the Bank of Ghana reports a significant increase in mobile money transactions, a proof of a significant hike in adoption of digital...