BoG suspends CBG’s Forex trading licence for one month, effective Nov 26
The Bank of Ghana has suspended Consolidated Bank Ghana’s (CBG) Foreign Exchange Trading Licence, effective November 26, 2024, for one…
Tag: BOG
Over $14.6M, £2.4M, and GH₵167.8M discovered in dormant BoG accounts – ILAPI
The Institute for Liberty and Policy Innovation (ILAPI) has revealed that the Bank of Ghana (BoG) currently holds a substantial…
Bank of Ghana reports 455% surge in loan data submissions in 2023
The Bank of Ghana has reported a 455% increase in loan data submissions to credit bureaux in 2023, with an…
BoG directs banks to submit strategies aimed at reducing financial fraud
The Bank of Ghana (BoG) says it has tightened its supervisory and monitoring systems in the financial sector to reduce…
Cedi records gains against dollar, others last week; one dollar going for GH¢16.41
The Ghana cedi recorded some gains last week against the US dollar and the other major foreign currencies after weeks…
Fitch Solutions predicts 7% policy rate cut by BoG in 2025
Fitch Solutions forecasts that the Bank of Ghana’s Monetary Policy Committee (MPC) will reduce the policy rate by 7% in…
BoG launches centralised forex platform
The Bank of Ghana (BoG) has launched a centralized foreign exchange trading platform. In a statement dated July 30, Sandra…
BoG protest: Police Service assures Minority of support
The Ghana Police Service (GPS) has assured the minority caucus in Parliament, of its unwavering cooperation and dedication to upholding…
BoG to Address Concerns of Unauthorized MoMo Charges
The Bank of Ghana has announced ongoing discussions among relevant authorities to address concerns regarding unauthorized deductions on mobile money…
Fitch Projects Ghanaian Banks’ Profitability to Decline Due to BoG’s CRR Policy
Fitch, a global rating agency, has projected a potential decline in the profitability of Ghanaian banks in the near future,…