The Minority Leader, Dr Cassiel Ato Forson has rejected claims by the Director of Communications for the governing New Patriotic Party (NPP), to the effect that he was part of Bank of Ghana’s board when it commenced processes for the construction of its new head office building. According to him, …
Read More »We Have Had Enough! – Minority Fires Back At Bank Of Ghana
The Minority group in Ghana’s Parliament has issued a response to the Bank of Ghana’s (BoG) reply concerning the 2022 published annual report and financial statements. The Minority’s statement emphasizes that the Bank of Ghana’s response fails to address the fundamental issue at hand, which is the alleged printing of …
Read More »Don’t Pay Hidden Fees And Charges On Loans – Bank of Ghana Tells Borrowers
THE Bank of Ghana has advised the borrowing public not to pay fees and charges on loans that were not disclosed to them prior to the signing of the agreement. The central bank said such charges were null and void and must not be bore by borrowers. In a public …
Read More »Former Deputy Bank of Ghana Governor Confirmed Dead
A former Deputy Governor of the Bank of Ghana, Emmanuel Asiedu-Mante, has died. Mr Asiedu-Mante died Monday night aged 81. He passed on at the Bank Hospital in Accra after battling with ill health, his son, Daniel Asiedu-Mante, told Graphic Online Wednesday. Born in June 1942, he was the Deputy …
Read More »Bank of Ghana Denies Introduction Of ¢500 Coin False
The Bank of Ghana (BoG) has debunked reports of issuing ¢500 coin, insisting it has no immediate plans of issuing higher denomination for circulation. There have been reports that the Bank is working to introduce the coins – samples of which have been circulated on social media platforms. Speaking to …
Read More »IMF Presses Ghana To Stop Borrowing From Its Central Bank
The International Monetary Fund is pushing Ghana’s cash-strapped government to stop borrowing from its central bank, according to people familiar with the matter. The IMF wants the two entities to sign a commitment to zero financing, said the people who asked not to be identified because they’re not authorized to …
Read More »Ghana’s Cedi Strengthens Further As It Goes For ¢8 To $1
The Ghanaian currency has continued to strengthen the trend against the US dollar and all the other major foreign currencies. The cedi in the last two weeks has been on a path of resurgence against all the major trading currencies. The local currency is currently trading at ¢8 to a …
Read More »Bank of Ghana Reacts To Reports Of Fire Outbreak At Its Premises
The Bank of Ghana has denied rumours of a fire outbreak at its premises. It said the false report which followed a widespread video on social media was rather a “routine fire drill to prepare staff for real-time fire situation”. In a statement, the Central Bank said, “the general public …
Read More »Bank of Ghana Upgrades GH¢1 Cedi Coin
The Bank of Ghana (BoG) has announced an upgrade on the the One Ghana (GH¢1) coin with enhanced security features. A statement from the BoG said it will issue the upgraded GH¢1 coin into circulation from Monday,12th December 2022. The coin, according to the Central Bank, is similar to the …
Read More »BoG Warns Mobile Money Loan Defaulters To Repay Or Face The Repercussions
The Bank of Ghana (Bog) has warned individuals who have acquired loans through mobile money platforms but have deliberately refused to register their SIM cards to enable them repay the loan. The central bank says data on all mobile money loan customers are avilable in the data base of credit …
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