Bank Of Ghana Acquires Over 432,000 Oz Of Gold
The Bank of Ghana (BoG) had acquired a total 432,358 ounces (oz) of gold from Ghana Chamber of Mines (GCM) members as of mid-December 2023, under the Domestic Gold Purchase….
Tag: bank of ghana
BoG Increases Minimum Paid Up Capital Of Credit Bureaus To GH₵6M
The Bank of Ghana (BoG) has increased the minimum paid up capital for existing and new Credit Bureaus to ₵6,000,000 from ₵500,000. This represents 1,100 percent increase. The Bank of….
Private Sector Credit Growth Hits Four-Year Low – BoG Report
Challenges facing the banking sector have taken a toll on businesses, with private sector credit dropping to a four-year low according to Bank of Ghana data. The banking sector, as….
Borrowing Will Become A Thing Of The Past If Ghanaians Are Disciplined- Economic Analyst Advises
Economic and fiscal policy analyst, Julius Gyimah, has advised that if Ghanaians are disciplined, borrowing of funds by government will become a thing of the past. He noted that the….
BoG Undecided On eCedi Roll-Out
The Bank of Ghana (BoG) has yet to decide a roadmap for the eCedi roll-out, despite a successful completion of the pilot last year, Head-FinTech and Innovation, BoG, Kwame Oppong, has said…..
Ghana Lost $6.3 Billion In Reserves In 2 Years
A country’s Gross International Reserves (GIR) includes the US dollar value of holdings of foreign exchange, special drawing rights, reserves position in the IMF, and gold at the end of….
Banking Sector Experienced Improved Performance In First Half Of 2023 – BoG Governor
Governor of the Bank of Ghana (BoG), Dr Ernest Adison, has said that the banking sector data for the first half of 2023 reflected some improved performance, despite declines in….
BoG Talks Up Importance Of Financial Integration
The Bank of Ghana (BoG) Governor, Dr. Ernest Addison, has underscored the crucial role factors such as comprehensive and harmonised financial data will play in achieving enhanced economic integration and shared prosperity across….
The Bank Of Ghana And Lending To The Government: Some Checks And Balances
The Bank of Ghana has defended its breach (in 2022) of the limit on lending to the government by appealing to section 30(6) of the Bank of Ghana Act (2002):….
Bank Of Ghana’s Vital Task Of Guiding Inflation Back To 8% Target Is Not Hindered – IMF Resident Rep.
The International Monetary Fund (IMF) Resident Representative in Ghana, Dr. Leandro Medina, has said that the Bank of Ghana’s task of guiding inflation back to its 8 percent target in….