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BoG gives GHC10m to COVID-19 Trust Fund

After President Nana Addo Dankwa Akufo-Addo, his vice and appointees donated their 3-month salary to the COVID-19 Trust Fund, many people including some members of the opposition...
Business

BoG extends deadline for meeting minimum capital requirements

The Bank of Ghana (BoG) has extended the deadline for meeting the minimum capital requirements for the banking and specialised deposit-taking institutions, as well...
Business

GUTA wants BoG to force FIs to waive loan repayments for six months

The Ghana Union Traders Association (GUTA) wants the Bank of Ghana to compel all financial institutions to waive loan repayments for businesses as directed...
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...
Business

Bank of Ghana asks banks to seek approval before payment of dividends

The Bank of Ghana (BoG) has asked banks and Specialised Deposit-Taking Institutions (SDIs) to seek its approval in writing before the declaration and payment...
Business

Bank of Ghana cuts policy rate by 150 points over Coronavirus [COVID-19]

The Bank of Ghana has reduced its benchmark policy rate by 150 basis points as its first response to the strain that the Coronavirus...
Business

BoG extends minimum capital requirement for PSP to December

The Bank of Ghana (BoG) has extended the deadline of meeting the minimum capital requirement for Payment System Providers (PSP) from June to December,...
Business

Counting machines help maintain integrity of money business – BoG

Mr Kennedy Adu, Director of Banking Department at the Bank of Ghana (BoG) on Thursday said improved money counting machines will help maintain integrity...
News

We havent received our monies despite Receivers promise Customers of S&L

The Coalition of Affected Savings and Loans Customers (CASLOC) says none of the over three million members of the group has retrieved their locked...
Business

BoG begins market surveillance to sanction entities who charge in dollars

The Bank of Ghana, BoG says they will sanction institutions and individuals who still charge in foreign currencies by flouting the Foreign Exchange Act....
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