A whooping $250 million is being expended by the Bank of Ghana to construct a new Headquarters in the heart of Ghana’s Capital, Accra. The Project which is a 21 storey facility is specifically in Ridge in the Greater Accra Region, Adjacent the Greater Accra Regional Hospital, Ridge. Currently under …
Read More »Watch: Man Threatens To Rob Bank Of Ghana With His Gang
A young man has caused an uproar on social media after issuing a stern warning to the security forces about his intentions to rob the Bank of Ghana. In a video that has since gone viral, the young man believed to be in his 20s expressed his intention to rob …
Read More »BoG Explains Why The Cedi Is Appreciating
The Director of Research at the Bank of Ghana, Dr. Philip Abradu-Otoo, has reasons for the upturn in the cedi’s fortunes after over ten months of recording drastic depreciation. He attributed the recent respite to a number of measures put in place by the central bank, the government, as well …
Read More »Debt Exchange programme: Bank Of Ghana Announces Relief Packages For Banks
The Central Bank has moved to address any potential impact of government’s proposed debt exchange programme on banks. This is to help “preserve financial stability” for banks that will participate in the programme, according to the Bank of Ghana (BoG). In a statement, the Bank of Ghana encouraged all banks …
Read More »BoG Responses To Dr. Otoo’s Statement: Central Bank Not Aiding In Illegal Transfer Of Funds Offshore
The Bank of Ghana has said it has come to the attention that Dr. Kwabena Nyarko Otoo of the Trades Union Congress (TUC) has alleged that the central bank is aiding in illegal transfer funds offshore. Dr. Otoo, said there is evidence or growing suspicion that Bank of Ghana is …
Read More »BoG To Ghanaians : Ignore Speculations About Dollar Account Withdrawals
The Bank of Ghana (BoG) has urged the general public to disregard reports suggesting that it is set to slap serious restrictions on holders of Foreign Exchange Accounts (FEA) and Foreign Currency Accounts (FCA). According to reports, BoG is reportedly doing this in a bid to curb the rapid …
Read More »Bank of Ghana Cautions Public Against Engaging Services Of 19 Unlicensed Loan Providers
The Bank of Ghana (BoG) has warned the public not to engage the services of some 19 unlicensed entities for loans. The Central Bank said the operations of these institutions are in contravention of the Banks and Specialised Deposit-Taking Institutions Act, 2016. The BoG in a press statement issued …
Read More »Saving The Cedi: BoG Cautions Forex Bureau Operators In Ghana
The Bank of Ghana has sounded a strong warning to forex bureaus operating in the country, that any breach of the regulations under which they work will result in their closure or severe sanctions against them. The move is to stop all deliberate market practices that are fuelling the cedi’s …
Read More »Prepare To Pay Higher Loan Rates – Financial Analyst Tells Ghanaians
Mr Courage Kingsley Martey, a financial analyst, has said persons seeking new loans should prepare to pay higher rates following the increment in the policy rate from 19 per cent to 22 per cent by the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG). The ultimate effect …
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