The Bank of Ghana (BoG) has dismissed the purported takeover of the Agricultural Development Bank (ADB) by another local bank, Unibank Ghana Limited. “Just to clarify… the Central Bank has not...
The Bank of Ghana (BoG) has refuted reports that majority of commercial banks in the country are owned by foreigners. Some industry players have raised concerns about the directive by BoG to...
The Bank of Ghana will commence the implementation of the Deposit Insurance scheme in the second quarter of 2018. Parliament in 2016 passed the Deposit Protection Act, which seeks to establish a...
Some economists are predicting that commercial banks across the country will soon reduce their interest rates. Figures from the Bank of Ghana (BoG) show that the 91 day Treasury bill is at 12.5...
Monetary Policy Committee of the Bank of Ghana (BoG) has reduced the policy rate of June from 22.5 per cent to 21 per cent for July. Governor of the Bank of Ghana, Dr. Ernest Addison, disclosed at...
Policy rate has been reduced to 21 per cent, thus a 150 basis point. This is the fourth time in the year that the Monetary Policy Committee (MPC) of the Bank of Ghana has reduced its policy by 150...
The Bank of Ghana has reduced its policy rate to 21 percent. The figure represents a 150 basis points reduction from the 22.5 percent. This is the third consecutive time that the policy rate has been...
GN Bank has been adjudged the best growing bank at the 16th Edition of the Ghana Banking Awards (GBA) held in Accra recently. The bank was also named the second runner-up for Trade Finance at the...
The Bank of Ghana (BoG)’s medium term inflation target could be attained should government tackle challenges facing the supply of critical services in the country. This is the position of...
Analysts want the Central Bank to aggressively intervene in the currency market to quell increased demand and panic-buying, a situation that puts pressure on the cedi. Although the Bank of Ghana...
Economist, Professor Godfred Bokpin has told Citi Business News the seeming delay in the issuance of the energy bonds may be deliberate to attract more buyers. He has however urged government to...
The Bank of Ghana is set to increase the minimum capital of banks from GH¢120 million to GH¢200 by July this year, following extensive engagements with stakeholders in the financial sector. This is...
The Private Enterprise Federation has lauded the move by the Bank of Ghana to reduce the MPC rate by 100 basis points although they admit that a further reduction would have had a greater impact on...
The central bank is putting on hold its move to announce a further increase in the minimum capital requirement for commercial banks in the country, 3FM Business can confirm. The Bank of Ghana had...
The Bank of Ghana (BoG) has cut its benchmark interest rate by 100 basis points from 23.5 to 22.5 percent, citing a downward trend in inflation towards medium term targets. The BoG has set eight plus...
The Monetary Policy Committee of the Bank of Ghana has reduced the monetary policy rate from the previous 23.5 per cent to 22.5 per cent. The rate has, therefore, been reduced by 100 basis points....
Renowned music producer, Mark Okraku Mantey will be part of the team that will help in selecting Ghanaian musicians for this year’s Black Entertainment Television Awards. He said he had received a...
Chief Executive Officer of Slip Music and President of the Creative Arts Council, Mark Okraku-Mantey has been engaged by organisers of the Black Entertainment Television (BET) Awards as a member of...
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
