FULL TEXT: BoG Response On 2022 Financial Statements
Bank of Ghana released its full-year 2022 audited financial statements on 28th July 2023. The financial statements reported a total loss of GHS60 billion, which has since become a matter of….
Tag: bank of ghana
BoG Can’t Sit Aloof For The Economy To Crumble But Lessons Have Been Learnt – Quartey
The Director of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana Professor Peter Quartey has explained what may have occasioned the decision by the….
Gatsi Challenges BoG Over Blames On DDEP For 2022 Losses
The Dean of the Business School of the University of Cape Coast (UCC), Professor John Gatsi, has challenged Bank of Ghana’s assertion that the Domestic Debt Exchange Programme (DDEP) affected….
Set Limits For BoG Financing Of Government Budget – ISSER Advocates
The Institute of Statistical, Social and Economic Research (ISSER) is advocating for the setting of financing limits of Bank of Ghana’s role in funding government’s budget. In its assessment of the….
We Saved Economy From Collapse By Taking 50% Haircut, Absorbing DDEP Shocks – BoG
The Bank of Ghana’s decision to reduce government debt by 50 per cent has been touted as a crucial move that averted economic collapse and impressed external partners. Dr. Philip Abradu-Otoo,….
BoG Governor Addison Asks Banks To Innovate And Be Creative In Conducting Business
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has asked banks and other financial institutions to innovate and be creative in the conduct of business. He says this….
Bank Of Ghana Explains What Caused Over GH¢60 Billion Loss In 2022
The Bank of Ghana reported a Loss of GH¢60.8 billion. What is driving this huge loss: The main reason for this huge loss is the impairment of the holding of marketable Government….
BoG Should Not Entirely Be Blamed For GH¢60.81bn Loss – Adu Sarkodie
An economist at the University of Ghana, Dr. Adu Sarkodie has defended management of the Bank of Ghana over the GH¢60.81 billion loss the apex bank incurred in the 2022 fiscal year…..
BoG Records ¢60.8bn Loss In 2022
The Bank of Ghana recorded a loss of ¢60.8 Billion Ghana cedis in 2022, its Annual Report and Financial Statements has revealed. The Central Bank’s record loss is coming after….
BoG Reiterates Commitment To Flexible FX Regime
The Bank of Ghana (BoG) remains committed to maintaining a managed floating exchange rate regime with minimal interventions by the central bank, its Governor Dr. Ernest Addison has said –….