BoG Archives - Page 19 of 24

Banks Wrote-Off ¢5.9Bn As Bad Debt In 2022

Banks operating in Ghana wrote-off about ¢5.9 billion as bad debt in December 2022. According to the Domestic Money Banks

Securities or long-term debt instruments or bonds were the largest components of banks’ investment portfolios in 2022. This is despite

The recent gains by the Ghana cedi has come to a halt as the local currency lost some stability to

The Bank of Ghana has reiterated that inflation is likely to peak in the first quarter of 2023 and gradually

FOR those old enough to remember Ghana’s economic crisis of 1982/3, the country’s closest to those ugly times came last

The Ghana cedi continued to rise steadily against the US dollar amidst the Bank of Ghana’s tight foreign exchange intervention.

US-based Associate Professor of Finance at Andrews University in Michigan USA, Williams Kwasi Peprah, has accused the Bank of Ghana

The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has stated that the Bank of

The Bank of Ghana (BoG) has justified financing of the government’s 2022 budget with about ¢44.5 billion. According to the

Demand for dollars continued to ease as the Bank of Ghana sold only $9.2 million on the spot market last