Bank of Ghana rolls out monetary safety measures over COVID-19
…Warns against panic withdrawals As part of renewed efforts to protect the economy while taking serious precautionary measures against spread and impacts of the COVID-19 pandemic on domestic economy, the Bank of Ghana (BoG) has rolled out stringent measures for…
Ghana is AfCFTA Hqs. because its ‘engine of Africa’s integration’— BoG
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison has welcomed the renaming of formerly UK parented financial institution, Barclays Bank Ghana Limited to Absa Bank Ghana Limited, saying the feat will further deepen the status of the…
Confusion in Ghana over BoG new cedi notes procurement process
Leading opposition party in Ghana, the New Patriotic Party (NPP) has called on the Bank of Ghana (BoG) to provide full details for printing the new GH¢100.00 and GH¢200.00 notes to show transparency and accountability. Top official of the party…
Shift from cash to cashless banking fired up cybercrime worldwide—Nkrumah
Clear explanation has emerged on the skyrocketing jump in the activities of cyber fraudsters, who now use advanced technologies to try and hack into the database of institutions in order to steal funds. This analogy was given by Ghanaian Head…
Ghana introduces higher banknotes to drive ease of transactions but…
Following Friday, November 29, 2019 announcement of the Governor of the Bank of Ghana (BoG), Dr Dr Ernest Yedu Addison, heralding the introduction of new GH¢100.00 and GH¢200 banknotes to complement the existing series, financial experts have started expressing mixed…
Like CBN, BoG ends MPC meeting retaining all rates over inflationary fears
The impacts of negative inflationary trends bugging key economies in West Africa due to certain policy decisions so far taken have forced Nigeria and Ghana monetary policy makers to maintained rates status-quo in their meetings this week. Otherwise, for fear…
How BoG killed 23 financial institutions in Ghana—Opposition party
Facts have emerged from the Ghanaian Minority Caucus of the opposition National Democratic Congress (NDC) in Parliament, showing how the Bank of Ghana (BoG) deployed politics of elimination by substitution and travesty of justice to meltdown promising financial institutions. According…
FBNBank Ghana gets $72.5m capital lifeline from Nigerian parent
Ahead of ongoing bank recapitalization exercise in Ghana, First Bank of Nigeria (FBN) has made a strategic inflow of $72.5 million to FBNBank Ghana Limited, to shore up its capital and meet the Bank of Ghana’s (BoG) new minimum capital…
Ghana exits IMF book by year end—Yeboah, Chairman, Senate Committee on Finance
Interesting revelation has emerged on the growing stability of Ghanaian economy in the last 22 months following the submissions of the Parliamentary Committee chairman on Finance, Dr Mark Assibey Yeboah. Explaining more at plenary in his contributions on the presented…
No sign of synergy yet between NCC, CBN on telco’s mobile money services
Though the Central Bank of Nigeria (CBN) had last disclosed that it has not only opened the window to allow telecoms to drive mobile money services, there has not been any form of corresponding information from the telecoms regulator, the…
