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…
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…
Ghanaian President makes U-turn on planned stifling of local banks’
Ghanaian President, Nana Addo Dankwa Akufo-Addo seems to have soft-peddled on the planned recapitalization of bank operating in the economy which analysts have seen as a design to stifle struggling indigenous banks to the advantage of deep-pocket foreign banks. Addressing…
BoG urges banks, mobile money operators to develop attractive mobile-based services
Governor of Bank of Ghana (BoG), Dr Ernest Addison, has called on commercial banks and mobile money operators in Ghana to ride on the excellent growth of mobile money in the country to raise their bar in developing more eye-catching…
Ghanaian warns central bank against squeezing indigenous banks to extinction
A leading columnist in Ghana, Mr. Samuel Nii Narku Dowuona has written an open letter to the Governor of Bank of Ghana (BoG), Dr. Ernest Addison, warning of the multiplier effects of hiked recapitalization regime of banks in Ghana. BoG…
Ghana cuts policy rate to 18% to translate disinflation gains achieved so far
Bank of Ghana on Tuesday slashed its policy rate by 200 basis points to 18 per cent from 20 per cent. Governor of the central bank, Dr. Ernest Addison, who announced the rate cut at a press conference in Accra,…
Two banks collapse in Ghana as BoG revokes licences of UT Bank, Capital Bank
The Bank of Ghana (BoG), otherwise, the Ghanaian central bank on Monday announced the revocation of the licences of UT Bank Ltd and Capital Bank Ltd. In a statement, BoG made it clear that “This action has become necessary due…
