Bank of Ghana

Commercial banks in the country are beginning to favour lending to the public sector rather than the private sector, the Bank of Ghana’s latest Banking Sector Report has revealed. According to the report, the share of private sector…
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The Bank of Ghana (BoG) has stated that it is not processing any application for a fresh banking licence to new entrants into the banking sector. The Governor of the BoG, Dr Ernest Addison, who stated this, was content that the banking…
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The Finance Minister, Mr Ken Ofori-Atta, has said the revenue target for the year is in arrears of about six per cent but efforts are underway to ensure recovery before the year ends. He pointed to the recent re-engineering at the Ghana…
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The Bank of Ghana has revoked the licences of 192 insolvent microfinance and microcredit companies. The Central Bank has also revoked licences of another 155 insolvent microfinance companies that have ceased operations. In a statement…
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The Bank of Ghana (BoG) has received GHS900 million to undertake a clean-up of the troubled microfinance sub-sector of the financial services industry. The move is part of cleaning up the GHS7 billion debt crisis that has hit a large…
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The Monetary Policy Committee of the Bank of Ghana has maintained its policy rate for the second time running citing inflationary pressures that must be controlled. Speaking at the MPC press briefing on Monday, Dr Ernest Addison said the…
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The President of the Republic, Nana Addo Dankwa Akufo-Addo, says the prudent measures taken by his administration and the Bank of Ghana to save and sanitize the banking sector are beginning to yield positive results. Speaking at the…
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The upgraded banknotes introduced by the Bank of Ghana (BoG) would be made available to the public for use as a medium of exchange from today, May 6. The new 10, 20 and 50 cedi notes will come with what the central bank said is “improved…
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The Bank of Ghana (BoG) has served notice of an upgraded banknotes into circulation on May 6, 2019. The new 10, 20 and 50 cedi notes will come with what the central bank said is “improved durability and machine readability”. According…
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The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 20 percent. The decision was announced at the media briefing to conclude the MPC’s annual meetings on Monday, January 22, 2018. The MPC last…
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