Dr. Addison

Banks Cash Reserve Ratio Back To 14%
28 Mar

Banks Cash Reserve Ratio Back To 14%

wontumionlineBusiness
The Bank of Ghana (BoG) Governor, Dr. Ernest Addsion, has announced a reversal of the cash reserve ratio on local currency deposits for banks, raising it from 12 percent to 14 percent effective April 13 as part of measures aimed at addressing the mopping-up of excess liquidity in the market, The banking industry regulator had in December announced a drop in the ratio to 12 percent, as part of a raft of measures aimed at cushioning banks participating in the domestic debt exchange programme (DDEP). The BoG had, after an emergency meeting in September, decided to gradually increase the primary reserve requirement…
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Gov’t Never Listened To The BoG Boss And That’s Why We Are Here- Lakulaku
04 Nov

Gov’t Never Listened To The BoG Boss And That’s Why We Are Here- Lakulaku

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A communicator of the New Patriotic Party (NPP), Sulemana Abubakar popularly known as Lakulaku, has stated the Governor of Bank of Ghana, Dr. Ernest Kwamina Yedu Addison, advised the President and the Economic Management Team(EMT) on the current economic woes. His comment comes after some people have called for the removal of BOG boss removal from office due to depreciation of the cedi against the dollar. Speaking on Movement In The Morning Show  with Kwaku Dawuro he said that ‘’BOG introduced a policy that  was meant to protect the cedi. They stopped giving certificates for businesses to charge in dollars.…
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President Akufo-Addo Must Sack Dr. Addison As Governor Of BOG Over Finance Minister Ken Ofori Atta -Kusi Boafo (VIDEO)
03 Nov

President Akufo-Addo Must Sack Dr. Addison As Governor Of BOG Over Finance Minister Ken Ofori Atta -Kusi Boafo (VIDEO)

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The Chief Executive Officer(CEO) for the Public Sector Reforms, Thomas Kusi Boafo, has called for the removal of Bank of Ghana (BOG)  boss, Dr. Ernest Kwamina Yedu Addison over the Finance Minister Ken Ofori Atta. His comment comes after the Ghana cedi has witnessed high depreciation against the dollar. Speaking with Kwaku Dawuro on Movement In The Morning Show Kusi Boafo said that “BOG is not doing what they are supposed to do- they have the dollars but syndicated thievery is going on in there. That is where the dollar is stored so how come it ends up at the…
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