$300m Loan From World Bank Hits BoG Account
The US$ 300m loan facility from the World Bank to Ghana has officially been released for budgetary support. The amount was credited to the Central Bank’s account today, Wednesday March….
Tag: BoG
BoG Stays Policy Rate At 29%
The Bank of Ghana has maintained its monetary policy rate at twenty-nine per cent. This comes amid calls from the International Monetary Fund to Central Banks to be careful when….
Bank Of Ghana Urges Public To Accept One And Five Pesewas Coins
The Bank of Ghana has issued a cautionary message to Ghanaians, emphasizing the importance of accepting one and five pesewas coins as legal tender. Dominic Owusu, Head of Currency Management….
GCB, Absa, OmniBSIC Offer Cheapest Loans To Households, SMEs And Corporates – BoG
GCB Bank offered the cheapest loans to household consumers, the latest Annualized Percentage Rates by the Bank of Ghana has revealed. It offered a rate of 27.71% and 27.21% to….
BoG Nears Zero Counterfeit With Clean Note Policy
The Bank of Ghana has reiterated its commitment to combating the circulation of counterfeit currency. The Central Bank emphasizes its progress toward achieving a zero-counterfeit regime. Counterfeiting and possessing counterfeit….
Promote Sustainable Culture In Operations- BoG Urges Banks
The Bank of Ghana (BoG) has urged banks to take a leadership role in promoting a sustainable culture in their operations to help build a robust and resilient economy. This….
BoG Predicts Decline In Inflation To 13-17% Range By End Of 2024, Aims For 6-10% By 2025
The Bank of Ghana anticipates a further decline in headline inflation to a range of 13-17% by the end of 2024, gradually trending back to the medium-term target range of….
Banks Prefer Less Risky Assets; Share Of Investments In Total Assets Increased To 36.4% In 2023 – BoG
The share of banks investments comprising bills, securities, and equity in total assets increased to 36.4% in 2023 from 32.0% in 2022, according to the Bank of Ghana’s January 2024….
Total Number Of Jobs Advertised Up By 3.2% – BoG
The total number of advertised jobs in print and online media went up marginally by 3.2% in 2023 to 33,629, the Bank of Ghana has disclosed in its January 2024….
BoG Suspends Forex Trading Licenses Of GT Bank And FBN Bank
Guaranty Trust Bank Ghana Limited (GTB) and FBN Bank Ghana Limited (FBN) have had their foreign exchange trading licenses suspended by the Bank of Ghana (BoG) for a duration of….