Tag Archives: Bank of Ghana (BoG)

Introduction: 1. The Gold for Oil (G4O) Programme is an initiative of the Government of Ghana to use the existing Bank of Ghana (BoG) Domestic Gold Purchase (DGP) Programme to support the import of petroleum products into Ghana. 2. The prime objective of the programme is to use additional foreign …

The Head of the Foreign Exchange Bureau Examinations Office, at the Bank of Ghana (BoG) Adjoa Konadu Torto, warned that members of the general public who patronise the activities of ‘Black Market” operators are equally guilty before the law.   Her comments come at a time the BoG, together with …

In addition to the upward policy rate adjustment, the Bank of Ghana (BoG) has said it will, effective April 1, 2022, enforce measures in relation to universal banks as part of efforts to deal with the challenges facing the economy. These measures include, the Cash Reserve Ratio is increased to …

Nana Kwame Bediako alias Freedom, a businessman has responded to the caution statement issued by the Bank of Ghana (BoG) against the impending launch of a cryptocurrency named “Freedom Coin” which belongs to him.   A statement issued by the central bank on Wednesday March 9 cautioned that neither this …

The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison, has explained why Ghana’s public sector debt increased to 78.4 percent of Gross Domestic Product (GDP), GH¢344.5 billion, at the end of November 2021, compared with 76 percent of GDP, GH¢291.6 billion at the end of December 2020.   …

International Ratings agency, Fitch, says Ghanaian banks are well-positioned to absorb the increased asset quality risk from borrowers pressured by the economic effects of the coronavirus pandemic. According to the UK based firm, the covid-19 pandemic-induced defaults will add to legacy asset quality issues, but strong operating profitability and improved …