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CBG’s forex trading licence suspended by the Bank of Ghana

Bank of Ghana has suspended the Foreign Exchange Trading Licence of Consolidated Bank Ghana (CBG) for one month, effective November 26, 2024. Citing Section 11(2)...

Business

BoG instructs financial institutions to quit partnership with Taptap Send on Remittance Termination

The Bank of Ghana (BoG) has instructed all financial institutions, including commercial banks and Enhanced Payment Service Providers, to cease their Remittance Termination Partnership...

Business

BoG suspends Taptap Send’s services with banks over regulatory breaches

The Bank of Ghana has imposed a one-month suspension, effective November 8, 2024, on Taptap Send’s partnerships with payment service providers and commercial banks. This...

Business

BoG suspends Taptap Send partnerships with EPSPs, banks over illegal cedi remittance operation

The Bank of Ghana (BoG) has issued a one-month suspension of all partnerships between Taptap Send and electronic payment service providers (EPSPs) and commercial...

Business

BoG urged to improved management of dormant accounts, access to deceased’s funds

The Bank of Ghana (BoG) is set to issue new directives to all commercial banks to enhance the process of identifying and accessing dormant...

News

Dormant accounts worth over GH167. 8m, $14.6m, £ 2.4m with BoG – ILAPI report

A large sum of money has been reported by the Institute for Liberty and Policy Innovation (ILAPI) to be sitting in dormant accounts at...

News

We have enough reserves in place to stabilize cedi – BoG

The Bank of Ghana (BoG) is reinforcing its foreign exchange reserves to help stabilize the cedi as demand for foreign currency is expected to...

Business

BoG has accumulated significant reserves to meet dollar demand – Finance Minister

The Finance Minister, Dr. Mohammed Amin Adam, has assured businesses and market stakeholders that the Bank of Ghana (BoG) has accumulated significant dollar reserves...

Business

Phase 2 of DDEP had limited effect on 2023 Financial Performance – BoG

The Bank of Ghana has disclosed in its 2024 Financial Stability Review that Phase 2 of the Domestic Debt Exchange Programme (DDEP) had a...

News

Bright Simons fights BoG’s plan to build a corporate office in Tamale

Honorary Vice-President of civic group IMANI Africa, Mr. Bright Simons, has expressed confusion over a new tender issued by the Bank of Ghana (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