BoG To Stop Market Volatility
The Bank of Ghana has assured the public that it will work harder to stem the volatility in the foreign exchange market to bring about price stability. The Bank of Ghana has assured the public that...
Tag: bank
BoG Clears Finance Minister Over $2.3bn Bond
Officials of the Bank of Ghana (BoG) have exonerated the Minister of Finance, Ken Ofori-Atta, of any wrongdoing in the $2.25 billion bond issued in April, 2017. The Head of Financial Management...
One For Kennedy Akompreko Agyapong, the Fire Eater
One for Kennedy Akompreko Agyapong, the fire eater Dear Ken, We have met on three occasions but on all these occasions I never bothered to introduce myself to you because I also spit fire. If nobody...
$41m Bauxite Receipts ‘missing’ In Audited Accounts of BoG – PAC
The Bank of Ghana (BoG) is to provide data on bauxite exports for 2015 to the Public Accounts Committee (PAC) of Parliament today as it was not captured in the audited accounts of the Central Bank....
Credit Suisse Plans GBP3bn Fundraising To Boost Capital
Credit Suisse says it plans to raise 4bn Swiss francs (£3.14bn) from shareholders in an effort to strengthen its capital base. The Swiss lender put on hold a plan to sell shares in its domestic...
BoG Backs Laws To Demand Data On Gold Exports
The Bank of Ghana (BoG) has backed moves for laws to compel the Minerals Commission to submit data on export proceeds from gold to guide the tracking of export receipts. The central bank believes...
Trade In Other Currencies To Relieve Pressure On Dollar
The Bank of Ghana (BoG) has appealed to importers who trade from other countries apart from the United States to trade in currencies of the country of importation to free the pressure on the dollar....
Australia Inflation Moves Back Into RBA Target Band
Australia's annual inflation rate has moved back into the central bank's target range for the first time in more than two years, data showed Wednesday, all but ruling out more interest rate cuts....
BoG Missed 2015 Targets
Bank of Ghana (BoG) missed all its projections for the first half of the year 2015, resulting in huge variances in the books of the central bank. This revelation came to the fore when managers of the...
$2.25billion Bond Was Transparent – BoG
The Bank of Ghana has cleared the air on the controversial $2.25billion bond it issued last week saying it was done in a rather transparent manner, contrary to accusations from the opposition...
Iraq Holding Qatar Hunting Party’s Ransom Money
Iraq is holding hundreds of millions of dollars Qatari negotiators had brought to Baghdad as ransom money for the release of kidnapped hunters, the prime minister said Tuesday. A hunting party...
BoG Sweats Over 40,000 Tons of Bauxite Export
The Bank of Ghana (BoG) appears to have little or no knowledge about 40,000 metric tons of bauxite worth US$41million that was exported from the shores of Ghana in 2015. Officials of the Central Bank...
Ibrahim Mahama Closed His Accounts After Issuing the Cheques – GRA Insists
The Ghana Revenue Authority (GRA) has insisted that businessman, Mr Ibrahim Mahama closed his account after issuing cheques to pay for duties on equipment and vehicles he imported through the Tema...
Investors Keep Wells Fargo Board At Contentious Meeting
The entire Wells Fargo board of directors was reelected Tuesday after a bruising, rowdy annual meeting where shareholders castigated the bank's leadership over a fake accounts scandal that severely...
IS Terrorises Mosul Civilians As Iraq Forces Advance
Iraqi forces advanced in west Mosul Tuesday, closing in on the Old City where jihadists executed civilians in a desperate bid to prevent an exodus and hold on to their stronghold. The elite...
BoG Gets Only $9m Out of $50m Projected For Bauxite; Angers PAC
The Public Accounts Committee (PAC) has lashed out at the Central Bank, over what it describes as lack of due diligence in the projections of the bank on figures provided for foreign exchange...
We’re Not Rushing To End IMF Deal Due To Borrowing Restrictions – Ofori-Atta
Finance Minister Ken Ofori-Atta has refuted claims that government is rushing to end the IMF bailout programme due to borrowing restrictions. Government signed on the three-year extended credit...
Currency Analysts Demand Stable Forex Market
Currency analysts are supporting the Bank of Ghana to intensify its efforts to stabilize the forex market and help forecasting in the market. It follows the central bank’s decision to halt the...
Court Orders Arrest of Reggae Artiste For Stealing
A Circuit Court in Accra has ordered the arrest of a Reggae/Hi-life Artiste for failing to appear before it in a £25,000 stealing case. When the matter was called, M. C. Morinton Kobby, otherwise...
BoG Directs Weak Banks To Submit Recapitalisation Plans
The Bank of Ghana (BoG) has directed banks with minimum capital below industry levels to, as a matter of urgency, submit to the central bank comprehensive recapitalization plans. This is to...