Banks Write Off ¢2.416Bn As Bad Loans As Of August 2023
Banks wrote off ¢2.416 billion as bad debt in the first eight months of this year, 36.4% increase over the previous year, highlights of Banks […]
BoG
Finance Ministry, BoG Set Up Financial Oversight Desk At COCOBOD
Finance Minister, Ken Ofori-Atta confirmed to Joy News the establishment of a monitoring desk by the Ministry of Finance and the Bank of Ghana (BoG) […]
T-Bills Auction: Interest Rates Hit 33.01%; Government Records 24.5% Oversubscription
Interest rates shot up on the money market to hit 33.01%. This is coming despite the government recording a 24.5% oversubscription of Treasury bill sales […]
BoG Has Done No Wrong, Deal With Finance Ministry – Nana Otuo Acheampong To Minority
Banking Consultant, Nana Otuo Acheampong has jumped to the defense of the Bank of Ghana and its governors. According to him, the Governor of the […]
BoG’s ¢60B Loss Is Abnormal And Beyond The Bank’s Control – Expert
The Minority in Parliament, alongside some Ghanaians, protested against the Bank of Ghana Governor, Ernest Addision and his deputies following a staggering ¢60 billion loss, […]
Increased Domestic Demand And Strengthening Of Dollar Globally To Weigh On Cedi
Increased domestic demand and the strengthening of the US dollar globally are expected to weigh on the cedi this week as some analysts predict a […]
BoG Paid Property Developer $36M During Ghana’s Worst Forex Crunch – A-G Report
The Auditor General, in its 2022 report, has revealed the Bank of Ghana (BoG) made payments worth $35,909,067.50 to Goldkey Properties Limited for the construction of a […]
Government To Borrow ¢2.57Bn On September 29 To Refinance Maturing Bills
The government will borrow about ¢2.57 billion today September 29, 2023, to refinance maturing bills worth ¢2.41 billion. This is coming after the country’s debt […]
BoG Purchases Gold Worth $700m In Reserves As Part Of ‘Gold Purchasing Programme
The Bank of Ghana has up to date purchased gold worth about $700 million in reserves as part of its ‘Gold Purchasing Programme’. According to […]
We Have Strong Buffers – BoG
The Governor of the Bank of Ghana, Dr Ernest Addison, has insisted that the central bank does not need a positive equity to be able […]