138 articles
The Bank of Ghana (BoG) has disclosed that Ghana incurred GH5.66 billion loses under its Domestic Gold Purchase Programme (DGPP) in 2024. This was contained in an official statement response issued and signed by Ernest Nii Sowah Ahulu, the Acting Head of the Financial Markets Department on Monday, J
A Technical Assistance Report, titled "Governance Diagnostic Assessment March 2024", prepared by the International Monetary Fund (IMF) has stated that Anti-Money Laundering/Countering Terrorist Financing (AML/CFT) supervision units within the Bank of Ghana (BoG), Security and Exchange Commission (SE
On 18th September 2025, a Bank of Ghana team on Non-Interest Banking and Finance (NIBF), led by Prof. John Gatsi, Advisor at the Bank, on behalf of the Governor, Dr. Johnson Asiama, engaged representatives of Christian and Muslim leaders at the Bank Square. The meeting was part of the Bank’s ongoing
The Ghana Union of Traders’ Association (GUTA) has called for greater public appreciation of the Central Bank’s efforts in stabilising the economy, particularly during periods of severe currency depreciation and capital erosion in the business sector. Speaking on TV3’s Business Focus programme on Mo
The Monetary Policy Committee (MPC) of the Bank of Ghana has observed some significant improvements in the current macroeconomic conditions and projects a positive outlook. The Committee noted that it arrived at this observation after an emergency meeting held on Thursday, July 17, 2025, to determin
President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng has expressed concern about access to forex which is compounding the convenience in doing business in Ghana. Speaking as a panelist at the recently held Graphic Business/Stanbic Bank Breakfast meeting at the Labadi Beach ho
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has encouraged export-oriented businesses to reinvest their proceeds locally, not just as a patriotic gesture, but as a long-term strategy for profitability and resilience. Dr Asiama said that firms that invoice in Cedis or adopt hedged forex p
Founding President of IMANI AFRICA, Franklin Cudjoe, has criticised the manner in which government appoints persons into state institutions, stating that appointments in the public sector must not be shrouded in secrecy. Speaking on the back of the recent dismissal and subsequent reversal of over 10
Per the rate from the Bank of Ghana (BoG) on Monday, June 9, the Cedi was buying at 10.2449 to a Dollar and selling at 10.2551. The Pound was buying at 13.9207 and selling at 13.9357. The Euros were buying at 11.7277 and 11.7383. An Economic advisor to the Monetary Policy Committee of the Big, [&hel
The Bank of Ghana (BoG) will on July 19, 2025 mark 60 years of the Cedi as Ghana’s sole legal tender. "Since its issuance on July 19, 1965 to replace the Ghanaian Pound as the sole legal tender in Ghana, the Cedi has remained a strong symbol of Ghana’s economic sovereignty and development," the BoG
Per the rate from the Bank of Ghana (BoG) on Monday, March 10, the Cedi was buying at 15.5422 to a Dollar, and selling at 15.5578. The Pound Sterling was buying at 20.0697 and selling at 20.09 13. The Euro was buying at 16.8639 and selling at 16.8792. The current managers of the economy have [&helli
Chairman of the National Economic Dialogue, Dr. Ishmael Yamson has suggested a non-political review of the Bank of Ghana’s reasons for the close down of some banks in the banking clean up exercise. Dr. Yamson wants an independent body established to do the review as he says patience must be eschewed
President John Dramani Mahama has sworn into office the new Governor of the Bank of Ghana (BoG), Dr Johnson Asiama. The swearing-in ceremony took place at the seat of Government, the Jubilee House in Accra on Tuesday, February 15. Mr Mahama charged the Governor and his team to work to stabilise infl
President John Dramani Mahama has accepted a request by the Second Deputy Governor of the Bank of Ghana, Mrs Elsie Addo Awadzi to proceed on early retirement. This is contained in a press release signed by the Presidential Spokesperson, Felix Kwakye Ofosu, on February 7. "President John Dramani Maha
Bank of Ghana’s new Governor, Dr. Johnson Asiama has assured financial markets of stability during the leadership transition following Dr. Ernest Addison’s departure.
The legal battle against Dr. Johnson Asiama, a former Deputy Governor of the Bank of Ghana, has dragged on for over seven years, curtailing his freedom and imposing significant financial burdens in legal fees. The charges levied against him—breach of the Bank of Ghana Act and causing financial loss—
The total number of private sector Social Security and National Insurance Trust (SSNIT) contributors improved by 2.7 percent to 1,007,341 in May 2024, compared with 980,808 for the same period in 2023, the Bank of Ghana's Monetary Policy Report - July 2024, has said. Cumulatively, the report said, f
Economist and Professor of Finance at the University of Ghana, Godfred Bokpin, has observed that the Ghanaian Cedi will witness short-term stability and continue depreciating again. According to the Bank of Ghana's data, as of Friday, May 10, the Cedi was selling at 13.68 to the US dollar and 17.11
President Nana Addo Dankwa Akufo-Addo has given the Bank of Ghana a pat on the back for the work that it has done over the past seven years. The President said the central bank has distinguished itself to the admiration of all well-meaning persons. Speaking during an end-of-year cocktail event held
President Nana Addo Dankwa Akufo-Addo has justified the financial sector clean-up exercise that was carried out by the Bank of Ghana (BoG) with support from the Finance Ministry. Mr Akufo-Addo indicated that upon assumption of office in 2017, his administration realized that most of the banks were i
