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Bank of Ghana

BoG Says Banking Sector Posted Negative Growth in 2015

According to the Cen¬tral Bank, growth in the sector’s income before tax registered a negative growth over the period from 34.9 per cent in...
DKM clients

Don’t blame BoG for DKM mess – Wampah

THE GOVERNOR of the Bank of Ghana (BoG), Dr. Henry Kofi Wampah has mounted a strong defence over actions taken by the Central Bank...
Dr. Henry Kofi Wampah, Governor BoG

No bailout package for Customers of DKM – Wampah

The Governor of Bank of Ghana (BoG), Dr. Kofi Wampah, has emphatically stated that the Central Bank will not consider any form of bailout...
Dr Henry Kofi Wampah

BoG to brief Parliament on operations of Savings & Loans Companies

Governor of the Bank of Ghana (BoG), Dr. Kofi Wampah, has been summoned to appear before Parliament to brief Members on the operations of...
Bank of Ghana

Ghana’s central bank denies issuing new notes

This followed reports on social media suggesting that the Bank of Ghana (BoG) had commenced issuing the new denominations. "The Bank...
Imani

Imani assesses the changes in Ghana’s Monetary Policy and Economic future

IMANI said, because there is high expectations that the currency will further decline in value and a possible second round effect of utility and petroleum...
Dr Henry Wampah, BoG Governor

BoG to build strong and stable financial system

This includes the strengthening of the legal framework for supervising and regulating the financial system in the country. According to the central bank, the formulation...
Ghana Cedis

Devaluation of Ghana Cedis and way forward

The economic history of Ghana shows the various legal instruments used by the Bank of Ghana (BoG) to regulate the foreign exchange market. During the...

BoG Asked To Place Cap On Interest Rate

He said, the move  if adopted, will help check the unrealistic interest rates being used to entice unsuspecting customers who have very little knowledge...

DKM operates two other unlawful financial institutions

The two illegal financial institutions are Care for Humanity International and Financial Giants and they are referred to as fun clubs. These two illegal...

Banning 70 finance institutions alone not enough

As if that is not enough warning to Ghanaians today some market women, artisans and office workers are again falling victim to another set...
pension

Tier–two Pension Funds Transfer Takes Off

Mr. Kofi Anokye Owusu-Darko, the acting Chief Executive Officer, said the expectation was that this should be completed by June, next year. He announced this...
Bank of Ghana

Ghana’s gross foreign assets stand at US$5.7 billion- BoG

According to the central bank, there are other inflows which expected to beef up to the US$5.7 billion reserve. Dr. Kofi Wampah, the Governor of...
Tigo Cash agent

Tigo cash agents receive training on BoG electronic money guidelines

In a bid to deepen its financial inclusion and commitment to provide innovative service to customers, Tigo Cash has organised a two-week training programe...
Mr Seth Terkper, Finance Minister

BoG to continue guiding monetary policy – Terkper says

He said financing of the deficit would be from both domestic and foreign sources, with a Net Domestic Financing estimated at GH¢ 5,441.2 million,...

Government to face economic challenges in 2016 – IFS

Speaking at a 2016 budget Forum on ‘Making The Most Out of Petroleum Revenues’ organised by the Natural Resource Governance Institute and the IFS,...
George Blankson, Commissioner General of the Ghana Revenue Authority

PIAC urges action against Oranto/Stone Energy over tax evasion

The Public Interest and Accountability Committee (PIAC) has called for action against the Oranto/Stone Energy for failing to pay the outstanding surface rental invoice...
Bank of Ghana Governor Henry Kofi Wampah

Love Fun Club plans to go on Demo to force BoG to release assets

Members of the God is Love Fun Club in Sunyani, have planned to hit the streets of Sunyani to protest against the Bank of...
Bank of Ghana

Bank of Ghana steps up efforts to rein in fake microfinance operators

The Bank of Ghana (BoG) announced steps here on Friday to crack down on fake and deviant microfinance and other non-bank financial institutions. While the...
Bank of Ghana Governor Henry Kofi Wampah

BoG To Arrest, Prosecute Unregistered Micro-Finance Institutions

By: Robert Ayanful The Bank of Ghana has warned micro-finance institutions in the country operating without license to cease operation or risk facing arrest and...
Ghana cedi

Government to raise GH? 500 million cedis through local bonds

Government plans to issue a new five-year bond to raise GH? 500 million in August to help reorganise its debt, Finance Minister Mr Seth...

Is the Cedi dancing ?kpanlogo??

Manufacturing firms in the country are worried the depreciation of the local currency could cause the collapse of their businesses. In the last few weeks,...

Open Letter To BoG – Banks Fleecing Customers

Dear Bank of Ghana, Many of us have watched in awe and dismay the bravado with which Ghanaian banks (banks operating in Ghana) charge customers...
Wpid Ghana Ports And Harbours

CEPS accused of quoting dollar at GHS4.2

Xexe, this morning I am peeved a little over the disparity in the dollar rate and the lawless behavior of some institutions regarding the...

BoG Asked To Cancel Moratorium On DKM Microfinance Company

The coalition of youth, traders, farmers and students groups in the Upper West Region on Tuesday appealed to the Bank of Ghana (BoG) to...
Bogg

BoG urged to establish national credit record database

The Chief Executive Officer of Beige Capital, Mike Nyinaku has called on the Bank of Ghana (BoG) to set up a national credit record...

Central Bank to sanction OISL and Telex Free Over GH?1.2 million Losses

By Kwabena Adu Koranteng The Bank of Ghana (BoG), the national banking regulator has finished the investigations into the controversial GHc1.2 million transaction between Opportunity...

Microfinance companies are milking from small businesses

By: Fred Yaw Sarpong Even though the establishment of Microfinance companies in Ghana is to help small businesses to get capital for their business activities,...
Kwame Boateng-CEO Opportunity International

BoG To Investigate Opportunity Savings & Loans Over Gh?1.2M Telex Free Deal

By Kwabena Adu Koranteng The Bank of Ghana has started investigations into the controversial GHC1.2 million cedi transaction between Opportunity International savings and Loans Company...

BoG publishers H2 2014 Petroleum Holding Fund

The Bank of Ghana has published the second half year report of 2014 on the Petroleum Holding Fund and the Ghana Petroleum Fund. The...