Tag Archives: Bank of Ghana

The Bank of Ghana (BoG) has issued a public notice identifying ten Money Transfer Organisations (MTOs) operating illegally in the remittance and forex market without the necessary regulatory approval. According to the statement dated June 27, 2025, these entities are conducting foreign exchange and remittance operations in violation of the …

The Bank of Ghana (BoG) has appointed four advisors to strengthen the country’s monetary policy formulation and macroeconomic stability. The advisors are Dr. John Kwabena Kwakye, Director of Research at the Institute of Economic Affairs (IEA); Prof. John Gatsi, Dean of the University of Cape Coast Business School; Dr. Francis …

President John Mahama has appointed Matilda Asante-Asiedu as the Second Deputy Governor of the Bank of Ghana (BoG). The appointment, made under Section 17 of the Bank of Ghana Act, 2002 (Act 612), underscores the government’s commitment to bringing seasoned expertise to the nation’s financial sector. This was contained in …

The discovery of official Bank of Ghana (BoG) cash boxes at the centre of a major counterfeiting operation in Sarpeiman, a suburb in the Ga West Municipality of the Greater Accra Region. has sparked significant alarm over possible regulatory failures and the robustness of Ghana’s financial security systems. The incident …

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 up. According to Dr Addison, there is a need for accountability, hence, these individuals should be held responsible for their …

The second tranche of IMF cash has hit the Bank of Ghana’s (BoG) account today January 23, 2024. This is what Joy Business has picked up from persons with knowledge of the IMF programme. The IMF Mission Chief for Ghana, Stephane Roudet at the Joint Press Conference between the IMF, …

It was interesting to hear Bank of Ghana (BOG) officials pat themselves on the back because year-on-year inflation had dropped to 26.4% in November 2023, from 35.2% in October 2023 and 54.1% in December 2022. This trend should have been expected, I thought, because of the massive price increases and …

Ghana – once touted as a trailblazing African economic success story – is facing an unprecedented financial crisis. This week, hundreds of protestors took to the streets in the capital Accra, calling on the governor of the Bank of Ghana and his two deputies to resign over the loss of …

Minority Leader of the opposition National Democratic Congress (NDC), Dr Casiel Ato Forson says protesters demanding the resignation of Bank of Ghana (BoG) Governor, Dr Ernest Yedu Addison will not stop until they meet and present their petition to him. “Governor Addison has decided to disrespect us with the excuse …

The Minority caucus in Parliament has hit back at Finance Minister Ken Ofori-Atta for accusing the previous National Democratic Congress (NDC) administration of leaving behind a derailed International Monetary Fund (IMF) programme. In an article, Ofori-Atta said the New Patriotic Party (NPP) government in 2017 inherited a ‘derailed IMF programme …