BoG To Auction $120M To BDCs In Quarter 3, 2024
The Bank of Ghana would auction $120 million to Bulk Oil Distribution Companies (BDCs) in the third quarter of 2024. This will be same as it did in the second….
Tag: BoG
Prosecute Persons Implicated In Banking Sector Clean Up – BoG Governor To Govt
The Governor of the Bank of Ghana, Dr. Ernest Addison, has urged the government to take action against shareholders of banks and financial institutions implicated in the financial sector clean….
$360m Third Tranche Of IMF Cash Hits BOG’s Account
Government has received US$360 million as the third tranche of Ghana’s bailout package with the International Monetary Fund (IMF). The cash meant for budget support and stabilization of the local….
BoG Debunks Allegations Of Underreporting Remittance Inflows
The Bank of Ghana has clarified reports suggesting it has been underreporting remittance inflows. The Bank of Ghana has recently faced scrutiny regarding discrepancies in remittance inflow figures reported by….
BoG Refutes Claims Of Withheld GH¢57Bn By MTOs And Fintechs
The Bank of Ghana has dismissed media reports claiming that $8 billion has been withheld by newly licensed Money Transfer Operators (MTOs) and 11 Fintech companies in the last two….
BoG Permits Banks With Stronger Capital Positions To Pay Interim Dividend
Banks that made significant progress in their recapitalization plans have been permitted by the Bank of Ghana to distribute interim dividends, the Governor of the Bank of Ghana, Dr. Ernest….
We Remain Fully Committed To Our Supervisory Role To Foster Trust And Confidence – BoG
The Bank of Ghana has reiterated that it remains fully committed to its supervisory role and will ensure that all financial institutions adhere to regulatory requirements and guidelines to foster….
Gold Exports In 2023 Surged To $7.60Bn, But Crude Oil And Cocoa Exports Tumble – BoG
Gold exports in 2023 amounted to $7.60 billion, representing a year-on-year increase of 15.0%. This is mainly due to a 9.2% increase in the volume of exports and a 5.4%….
Securing IMF Deal Without DDEP Would Have Been Tough – BoG
Dr. Philip Abradu-Otoo, the Director of Research at the Bank of Ghana (BoG), has clarified that securing a bailout from the International Monetary Fund (IMF) would have been challenging without….
DDEP Impacts BoG As Bank Seeks Early Recapitalisation – Report
The Bank of Ghana has been impacted by the Domestic Debt Exchange Programme (DDEP) as it seeks recapitalisation from development partners, a report has revealed. The BOG, in its 2023….