BoG Governor

I Won’t Resign; NDC Demo “Completely Unnecessary” – BoG Governor
04 Oct

I Won’t Resign; NDC Demo “Completely Unnecessary” – BoG Governor

Wontumi1Business,
The protest was held on Tuesday to denounce the economic crisis as a result of what the protesters termed poor fiscal policy by the BoG. Addison also rejected the claims by the Minority that he printed money to finance the lavish lifestyle of the ruling government. According to him, the BoG provided monetary financing during 2020 and 2022, to meet specific crises which he says is legal under the Central Bank law. The Central Bank posted losses totalling GHC60.81 billion for the 2022 financial year as against a profit of GHC1.23 billion recorded in 2021. The losses were a result…
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$3Bn IMF Deal: Zero Financing Of Govt’s Budget Has Been Met – BoG Governor
27 Jul

$3Bn IMF Deal: Zero Financing Of Govt’s Budget Has Been Met – BoG Governor

Wontumi1Business,
The Governor of the Bank of Ghana Dr Ernest Addison has said that the central bank has met its target of zero financing of government budget under a programme with the International Monetary Fund (IMF). Addressing the 113th Monetary Policy Committee (MPC) press conference in Accra on Monday July 24, Dr Addison said “Implementation of the IMF-supported Extended Credit Facility programme for the first six-months of 2023 is broadly in line with the Performance Criteria targets for June 2023. While the programme envisaged a drawdown in reserves of close to US$100 million, the BoG built reserves in excess of U$S1…
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Black Market Fraud: President Has Spoken, It’s Time To Act! – Oppong Nkrumah Tells IGP, BoG Governor
02 Nov

Black Market Fraud: President Has Spoken, It’s Time To Act! – Oppong Nkrumah Tells IGP, BoG Governor

wontumionline.comBusiness, ,
Information Minister and Member of Parliament for Ofoase-Ayirebi, Kojo Oppong-Nkrumah, has charged the Governor of Bank of Ghana and Inspector General of Police, George Akuffo Dampare to execute the directives by President Nana Akufo-Addo on forex illegalities. The President, in a speech on Sunday, October 31, 2022, outlined measures he is taking to address the recent turbulence on the financial markets. Actions To Curb Forex Problems The President said; "The recent turbulence on the financial markets was caused by low inflows of foreign exchange, and was made worse in the last two to three weeks, in particular, by the activities…
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