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Value of internet banking transactions rose to GHC80bn in 2022 – BoG

The registered user base for internet banking witnessed a notable increase of 16.40%, rising from 970,435 in 2021 to 1,129,387 in 2022. According to...

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BoG, Zeepay hold discussion over forex licence suspension

Zeepay Ghana Limited has initiated discussions with the Bank of Ghana (BoG) to resolve the temporary suspension of its forex license. Last week, the...

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Exporters who do not bring back earnings to Ghana may face a 10-year prison sentence – BoG

The Bank of Ghana (BoG) is issuing a warning to exporters regarding the necessity of repatriating proceeds to the country. Under the Foreign Exchange Act,...

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Non-Bank Financial Institutions facing acute liquidity to be closed down – BoG

The Bank of Ghana is set to shutter some Non-Bank Financial Institutions (NBFI) grappling with acute liquidity issues. The Central Bank has cited these...

Business

Private sector credit sees 7.5% contraction in October 2023 – BoG reports

Governor of the Central Bank, Dr. Ernest Addison, announced that private sector credit experienced a contraction of 7.5% during the review period in October...

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OSP launches investigations into new BoG HQ after Mahama Ayariga’s petition

Office of the Special Prosecutor (OSP) has initiated an inquiry into suspected corruption surrounding the procurement procedures for the new headquarters of the Bank...

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OSP probes new BoG headquarters procurement following Mahama Ayariga’s petition

The Office of the Special Prosecutor (OSP) has initiated investigations into suspected corruption in the procurement process of the new Bank of Ghana headquarters...

Business

A dollar goes for GHS12.20 at forex, BoG interbank rate at GHS11.56

The Bank of Ghana's Interbank forex rates on November 21, 2023, reveal that the Ghana Cedi is currently trading against the dollar at a...

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BoG imposes fine, suspends Zeepay’s forex license for violation

The Bank of Ghana has declared that it has fined and suspended the forex licence of fintech company Zeepay Ghana Limited for violating clause...

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8 unapproved money transfer organisations you must stay away from

The Bank of Ghana (BoG) has cautioned the public about the risks associated with dealing with unauthorized Money Transfer Organizations (MTOs) within the country. In...

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Tag: BoG

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Jury acquits Diddy of sex trafficking, convicts him of transporting women for prostitution

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

Kanye West’s Heil Hitler song bans him from entering Australia