BoG Should Not Entirely Be Blamed For GH¢60.81bn Loss – Adu Sarkodie
An economist at the University of Ghana, Dr. Adu Sarkodie has defended management of the Bank of Ghana over the GH¢60.81 billion loss the apex bank incurred […]
Bank of Ghana
Banks Expected To Rebuild Capital Buffers Quickly – Central Bank
The Bank of Ghana Governor, Dr. Ernest Addison, has expressed optimism about the banking sector’s ability to rebuild capital buffers swiftly with support from an equity capital […]
Ghana’s Debt Stock Spikes 20% In 4 Months
Ghana’s public debt increased by a fifth in just four months, driven partly by the inclusion of short-term loans from the central bank to the […]
Lending To Private Sector Increased In First Quarter Of 2023 – BoG
The Bank of Ghana in its monetary policy report says lending to the private sector increased significantly in February 2023 to GH¢65.50 billion, compared with […]
We’re Working On Concerns Raised By Bank Of Ghana – Fidelity Bank Assures
Fidelity Bank has assured stakeholders and customers that the bank is addressing the reporting concerns raised by the Bank of Ghana. In the interim, Fidelity […]
BoG Suspends Forex Licenses Of Fidelity Bank, First National Bank
The Bank of Ghana (BoG) has fined Fidelity Bank Ghana Limited and First National Bank Ghana Limited a combined 1000 penalty points each for breaching […]
T-bills Auction: Government Records 15% Oversubscription, But At Higher Cost Of 23.9%
The government overturned its recent under-subscription of treasury bills sales to record about 15% oversubscription of its targeted amount of ¢2.08 billion. However, that was […]
First Tranche Of $600 Million IMF Loan Will Go Towards Budget Support – BoG
Central Bank Governor, Dr Ernest Addison has disclosed that the first disbursement of $600 million out of the US$3 billion loan facility from the International Monetary Fund […]
BoG Keeps Monetary Policy Rate Unchanged At 29.5%
The Monetary Policy Committee (MPC) of the Bank of Ghana has kept the policy rate unchanged at 29.5 percent. The decision comes after the MPC of the […]
Ghana’s Public Debt Reduces To GH¢434.6 Billion, 71% Of GDP
Ghana’s public debt stood at GH¢434.6 billion as of December 2022 according to the Bank of Ghana’s Summary of Economic and Financial Data for April 2023. […]