BoG Suspends Forex Trading License Of Consolidated Bank Ghana
The Bank of Ghana has suspended the Foreign Exchange Trading Licence of Consolidated Bank Ghana (CBG). This means that CBG can no longer engage in forex activities. The Bank noted….
Tag: BoG
Cedi Sells $1 At GH¢16.30 At BoG, GH¢17.20 At Major Forex Bureaus
Ghana’s local currency continues to experience persistent depreciation against major trading currencies such as the US dollar. The cedi, which has been under pressure throughout the year, recorded relative stability….
BoG Assures Of Cedi’s Resilience Amid Rising FX Demand
The Bank of Ghana (BoG) has assured that it is implementing proactive measures to strengthen its foreign reserves in response to the ongoing depreciation of the cedi against major currencies. With the….
Government Expects Cedi To Withstand Seasonal Demand-Surge
Government has expressed confidence in the cedi’s ability to withstand increased forex demand, particularly as the holiday season approaches. Finance Minister Dr. Mohammed Amin Adam expressed confidence during a media briefing in….
Next Of Kin Of A Deceased Bank Account Holder Is Not Automatic Beneficiary – BoG
Did you know that if you are made the next of kin of a bank account by a friend or relative, you do not have automatic access to funds in….
Bank Of Ghana Revises Year-End Inflation Target To 18%
The Bank of Ghana (BoG) has revised its year-end inflation target to 18 percent, citing upside risks including some geopolitical developments. This would however represent a significant improvement over the 23.2 percent….
BoG To Auction $120M To BDCs In Quarter 4, 2024
The Bank of Ghana will auction $120 million to Bulk Oil Distribution Companies (BDCs) in the fourth quarter of 2024. This is the same amount it sold to the BDCs….
BoG Launches Responsible Gold Sourcing Programme To Enhance Economic Growth
The Bank of Ghana (BoG) has recognized gold as a vital strategic reserve asset with a significant impact on economic growth. However, the Central Bank stresses the importance of responsible….
21.188m Loan Records Submitted To Credit Bureaus Monthly In 2023 – BoG
Data providers submitted an average of 21,188,043 loan records to credit bureaus every month in 2023, the Bank of Ghana has disclosed in its 2023 Annual Credit Reporting Activity. This….
Gold For Oil Policy Still On Track – BoG
The Bank of Ghana (BoG) has affirmed that the government’s Gold for Oil policy is progressing as planned. This initiative was introduced to address Ghana’s dwindling foreign currency reserves and….