Tag Archives: Bank of Ghana

The central bank has directed all financial institutions to only accept Ghana Cards for all transactions. The Bank of Ghana (BoG) explained that this order takes effect from July 1, 2022.   This is pursuant to Regulation 7 of the National Identity Register, 2012 (L.I. 2111).   “…with effect from …

A website offering 500 Ghana cedis to encourage people to participate in a survey allegedly connected to the 64th Anniversary of the Bank of Ghana is a SCAM. A link displaying the logo of Ghana’s Central Bank is being circulated on messaging app, WhatsApp, with a call to action for …

Profitability performance of the banking sector remained robust in August 2021 as the 21 banks operating in Ghana registered growth rate of 27.4%, higher than the 19.2% recorded a year ago. According to the September 2021 Banking Sector Development Report, the banks registered ¢3.17 billion in August 2021, compared with …

The Ghana cedi has depreciated by 1.7% to the US dollar in the first nine months which will end next Thursday September 30th, 2021, according to data from the Bank of Ghana (BoG). The Central Bank pegged the rate of the cedi to the dollar at ¢5.86, though it is …

The Public Enterprises Minister-designate has refuted claims that his microfinance company, Daily Capital Microfinance Ltd, did not meet the minimum capital requirement by the Bank Of Ghana (BoG). Joseph Cudjoe told Parliament’s Appointments Committee Tuesday, that the development which led to the revocation of the company’s license came to him …