Tag: BoG
Headline
10 ways ‘failed’ BoG’s Ernest Addison destroyed the Ghana Cedi and the Ghana economy
Ghana's central bank, the Bank of Ghana (BoG), has faced criticism for various reasons contributing to economic challenges.Here are 10 reasons often cited...
Business
Desperate BoG orders Forex Bureaus to stop advertising FX rates outside their shops
Governor Addison emphasized the Bank's substantial foreign exchange reserves, advising against speculative purchases, which could lead to economic losses when corrections occur.At the 118th...
News
Ghana’s public debt grew by GHS46.4bn in Jan-Feb 2024 – BoG
Recent data from the Bank of Ghana revealed that the country's public debt stock increased by GH¢46.4 billion in the first two months of...
Business
IEA urges BoG to implement currency board instead of Central Bank system
The Institute of Economic Affairs (IEA) suggests that the Bank of Ghana (BoG) should consider adopting a currency board instead of the current central...
Business
BoG makes no profit from high interest rates – Governor to Togbe Afede
Bank of Ghana (BoG) has denied allegations of profiting from elevated interest rates.In a statement released on its official X account, formerly Twitter, the...
Business
Central Bank concludes initial proof of Concept within Project DESFT
The Bank of Ghana (BoG) has successfully concluded the initial Proof Of Concept (POC) within the framework of Project Digital Economy Semi-Fungible Token (DESFT).This...
Business
BoG foresees significant enhancement of Ghana’s payment ecosystem with eCedi
The Bank of Ghana (BoG) has declared the first Proof of Concept (PoC) for Project Digital Economy Semi-Fungible Token (DESFT) successfully completed.This milestone...
Business
BoG spent GHS6bn on its employees in 6 years – Report
A recent report from JoyNews has revealed that the Bank of Ghana (BoG), allocated a substantial 6 billion Ghanaian Cedis toward employee costs spanning...
Business
BoG Governor preaches fintech investment at 3i Africa Summit
Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has emphasized the need for increased investment in Africa's fintech sector.He believes that...
News
Gov’t authorised payment of $12m to Chinese company for Pwalugu Irrigation Project despite no work – BoG
The Bank of Ghana (BoG) has addressed concerns regarding the disbursement of $12 million for the Pwalugu Irrigation Project, despite limited visible progress.The...
Must read