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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...
Raymond Amanfo

New Minimum Capital Requirement Is Likely To Be Announced In Sept – BoG

According to the regulator the Bank of Ghana (BoG), it is almost through with the required engagement with all the players in the banking...

Moody’s, Economists hail Bank of Ghana policy rate cut

The Monetary Policy Committee of the Bank of Ghana (BoG) last week, announced a reduction in the policy rate by 150 basis points to...
telecom mobile money

Mobile money companies to be merged by November 2017

The Ghana Interbank Payment and Settlement Systems (GhIPSS), a wholly owned subsidiary of the Bank of Ghana, has been tasked by government to interoperate...
Bank of Ghana

Banks to classify BDC loans as directed by BoG

The Bank of Ghana has directed banks to classify loans on their books owed by Bulk Distributor Companies, as efforts on the part of...
Bank of Ghana

BoG cautions public to refrain from operations of MMM Ghana

The Bank of Ghana (BoG) has cautioned the general public to refrain from engaging the services of a supposed financial entity called MMM Ghana. ...

Investigate activities of money charming spiritualists – PCG to BOG

The Upper Presbytery of the Presbyterian Church of Ghana, has expressed concerned about the activities of some spiritualists who appear on television purporting to...
Bank of Ghana

Bank of Ghana warns public of Ponzi company

The Bank of Ghana (BoG) is warning the general public to be careful of a company known as MMM Ghana which is said to...
Bank of Ghana

Micro-Credit Association Repositions Itself

The Money Lenders Association of Ghana has changed its name to Micro-Credit Association, Ghana (MCAG) with approval from the Bank of Ghana (BOG), to...
Dr Abdul-Nashiru Issahaku – Bank of Ghana Governor

Bank Of Ghana Maintains Monetary Policy Rate

The Bank of Ghana has maintained the Monetary Policy Rate (MPR) at 25.5 per cent, down from 26 per cent it recorded in November...

BoG Governor Hopeful For Ghana’s Economic Growth

Mr Abdul-Nashiru Issahaku, the Governor of Bank of Ghana (BoG), says Ghana’s economic prospects look brighter as the nation is currently free from worst...

Mining sector urged to support government’s vision on mining

He said the mining sector’s contribution to the economy would increase with the establishment of auxiliary industries, especially gold refineries, and diamond cutting and...
ARB Apex Bank

RCBs Urged To Invest In Safe Gov’t And BOG Instrument

Mr. Kwadwo Aye-Kusi, Managing Director of the ARB Apex Bank, expressed concern about the growing concentration of their funds in financial institutions other than...
BOG

Proposal expresses intent-Okoampa tells BoG

The executive board of the nation’s central treasury, the Bank of Ghana (BoG), has issued a statement vehemently denying that it has initialed a...
Bank of Ghana

BoG warns against creating panic in banking and finacial markets

He indicated that the financial markets “are very responsive” and that any misinformation could trigger panic that could potentially throw the markets into...
Dr Abdul-Nashiru Issahaku delivering his address

BoG to uproot deceitful microfinance companies

Dr Abdul-Nashiru Issahaku, the Governor of Bank of Ghana, said recent events had shown that unregulated and poorly supervised financial systems might lead to...
Ghana Cedis

BoG Laments Over The Poor Handling of Cedi Notes

He said people should recognize that “it costs a lot of money to print and replace the dirty and torn notes”. ...
Media

Media encouraged to shield public from scammers

He said activities of unlicensed financial networks and institutions border on criminality than banking and called on the media to do due diligence before...

Banks Given Dec Deadline for Instant Pay Certification

Speaking at a stakeholders’ meeting to deliberate on the use of instant pay, Mr Archie Hesse, the Chief Executive Officer GhIPSS said the BoG...
Bank of Ghana

Parliament passes into law BoG Bill

The Bill seeks to plug the loopholes identified in Act 612, following an examination of current international trends and what pertains in other jurisdiction. A...
Dr Abdul-Nashiru Issahaku – Bank of Ghana Governor

BoG Happy Over Inflation Decline

He said “The BoG is conducting policy in a way to bring inflation to its medium-term target of eight per cent, though it will...
Beige-Capital

Ghana’s Central Bank Praised Over Microfinance Sector

“I will commend the Central Bank for acting in a manner that has stabilised and contained confidence in the microfinance industry. Whatever challenges some...
Bank of Ghana

Bank of Ghana worried of Micro-finance in Volta Region

A statement issued by the Communications Department of BOG said the concerned institutions such as Little Drops, Prosperity and Good Health Develop Winners, Royal...
Dr Abdul-Nashiru Issahaku – Bank of Ghana Governor

Governor of BoG campaigns for children‘s education

He stated this when delivering a speech during the congregation of the Anbariya Islamic Institute in Tamale where 263 students graduated with diplomas and...
Alhaji Limuna Mohammed-Muniru

BoG Introduces Crop Insurance Scheme For Farmers

The scheme, which would become operational from this year’s farming season, would be supported by the BoG with an initial fund of 100,000 million...
Bank of Ghana

Ghana to choose options to BoG financing

The Bank of Ghana (BoG) used to finance government's budget deficit which rose to as high as 11.8 percent in 2012 but, after the...
Dr Abdul-Nashiru Issahaku – Bank of Ghana Governor

BoG makes macro-stability and economic growth its main focus

Issahaku made the remarks at a two-day Ghana Small and Medium Enterprises (SME) Financing Fair, which opened in the capital Accra on Tuesday. "As we...
Abdul-Nashiru Issahaku

Central Bank Of Ghana Extols Achievements Of New Governor

A statement issued by the Bank, said Dr. Issahaku had worked with reputable international and local institutions including the World Bank as a Senior...
Dr Henry Wampah, BoG Governor

BoG keeps Benchmark policy rate at 26 Percent

At its 69th Monetary Policy Committee (MPC) meeting, the Bank of Ghana decided to keep its benchmark policy rate at 26 percent, the Governor...
Bank of Ghana

BoG Says Ghana’s Debt Now Stands At US$25.6 Billion

The total debt stock for Ghana stood at 25.6 billion U.S. dollars as of the end of December 2015, Bank of Ghana said here...