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Alexander Kofi-Mensah Mould

Ghana’s Banking Crisis Part 1 The Blame Fits BoG

The current crises within Ghana’s banking sector has left us all perplexed; with many unanswered questions. On one hand we are being asked not...
Governor of the Bank of Ghana, Dr. Ernest Addison

BoG Retains Policy Rate At 16%

The Central Bank of Ghana's Monetary Policy Committee, has retained the policy rate unchanged at 16 percent. At a press conference in Accra on...
Bank of Ghana to introduce upgraded banknotes

Bank of Ghana has no idea how much upgraded cedi notes will cost

The Bank of Ghana says it is yet to determine the estimated cost of the introduction of security enhanced features of new currencies. The Central...
Bank of Ghana

BoG Supports Ghana’s Cardiothoracic Centre

The Bank of Ghana has supported the Cardiothoracic Centre of the Korle Bu Teaching Hospital with GHC100,000 to enable it to provide support to...
Bank of Ghana

BoG Confirms That 23 Banks Have Met GHC 400 Million Recapitalization

There are now 23 universal banks operating in Ghana, following the recapitalisation exercise that ended at the close of business on 31st December 2018,...
Menzgold is facing mass withdrawals

Mediation Awaits Menzgold, BoG and SEC

The regulatory dispute between gold dealership firm, Menzgold Ghana Company Limited, on one side, and the Bank of Ghana (BoG) and Securities and Exchange...
Bank of Ghana

Bank of Ghana pegs benchmark policy rate at 17%

The Bank of Ghana announced on Monday its decision to hold the benchmark policy rate at 17 percent. This decision comes in the wake of...
Bank Of Ghana

BoG has no capacity to monitor mobile money activities

The government has indicated that, the Bank of Ghana (BoG) has no capacity to properly monitor mobile money activities, hence the decision to bring...
Bank of Ghana

Banker calls for separations of Supervision Department of BoG

A renowned banker in the country has called for the separation of mandate of the Bank of Ghana to help put the financial industry...
Governor of the Bank of Ghana, Dr. Ernest Addison

BoG Drops Policy Rate By 100 Basis Points To 17%

Bank of Ghana (BoG) has announced a marginal reduction in its key lending rate to commercial banks by a 100 basis points to 17...
Bank of Ghana

Dr. Addison Says BoG Will protect Ghana’s financial market

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has observed that the rolling out of the Mobile Money Interoperability Payment System...
Mobile Money

BoG Reveals That Mobile Money Transactions Stands At GHc52.35 billion

Mobile money transactions have increased by about 177 per cent between 2013 and March 2018, reaching GHc312. 93 million and valued at GHc52.35 billion...
Bank of Ghana

BoG insists on minimum paid-up capital

The Bank of Ghana (BoG) directive to all banks to comply with the minimum paid-up capital of GH¢400 million by December 2018 still stands,...
Bank of Ghana

Ghana’s Credit Reporting and Collateral Registry Opened

The Bank of Ghana (BoG), in collaboration with the International Financial Corporation (IFC), has launched a one-year financial literacy, Public and Awareness Campaign on...
Mr Robert Adamu, Head of Support Services Department of GCB assisting the Paramount Chief of Tefle Traditional Area to commission the Sogakope branch of the Bank.

Chief Advises Ghanaian Banks on Credit Affordability

The Paramount Chief of Tefle Traditional Area, Togbui Nukaku Dugbaza, has called on the Bank of Ghana and commercial banks especially GCB Bank to...
banks

Ghana’s Council of State makes recommendations towards protecting depositors’ interests

The Council of State has given backing to measures taken by the Bank of Ghana (BOG) to protect the interests of depositors. It asked that...
Bank of Ghana

BoG Drops Lending Rate To Commercial Banks From 20% To 18%

The Bank of Ghana's Monetary Policy Committee on Monday announced a reduction in the policy rate by 200 basis point, indicating a drop of...
cyber_attack_text

Banks To Soon Publicise Their Specific Cyber Security Policies – BoG

In a speech read on his behalf at the opening of the digital banking and cyber security summit organized by the Standard Chartered Bank...
cyber_attack_text

BoG directs financial houses to make public their cyber security policies

The Bank of Ghana would soon require financial institutions to publish bank-specific cyber security policies in line with the provisions in the Payment Systems...
Bank of Ghana

KPMG To Manage Affairs Of uniBank – BoG

The Bank of Ghana (BoG) has taken over uniBank Ghana Limited, and hence forth be managing the day to day affairs of the local...
Bank of Ghana

BoG Out With Yearly Percentage Rates On Loans

The Bank of Ghana on Friday released its latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and...
Bank of Ghana

BoG meets other regulatory bodies on data collection

Bank of Ghana (BoG), the regulator of the banking sector says it has put up a memorandum of understanding (MoU) with other public regulatory...
Dr. Ernest Addison

BoG Focuses On Price Stability – Governor

The Governor of the Bank of Ghana, Dr. Ernest Addison has said, price stability is a key facilitator to growth and development, thus, there...
mobile money

22 million mobile money users is a catalyst for fraud

Mobile money regulator, Bank of Ghana (BoG) has identified the overwhelming growth in mobile money wallets/accounts, over the last two years, as the main...
Bank of Ghana

Commercial Banks Have Reduced Interest Rate For Customers – BoG

Latest figures released by the Bank of Ghana have shown that, the average interest rate customers get on money deposited at banks reached 10.4%...

Rural Banks Plead With BoG

Mr Simon Nero Davor, Volta Regional President of the Association of Rural Banks (ARB), has appealed to the Bank of Ghana (BoG) to be...
Ghana’s investment market

SEC Positions Itself to Raise More Capital

The Securities and Exchange Commission (SEC) is poised to play a pivotal role in putting structures in place for firms to raise long term...
Bank of Ghana

BOG Announces New Minimum Capital Requirement

BANK OF GHANA NOTICE TO THE BANKS AND THE GENERAL PUBLIC NOTICE NO. BG/GOV/SEC/2017/19 NEW MINIMUM PAID UP CAPITAL The Bank of Ghana announces a...
banking industry

I Commend BoG For That Bold Step – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has commended the Bank of Ghana (BoG) for the bold step it took to revoke the licences of the...
MENZGOLD GHANA

Menzgold Debunks Deposit Taking Accusation

Menzgold Company Limited, an investment company has denied the company takes deposits from its customers. The Corporate Manager of the company Nana Yaw Offei explained...