According to the Bank of Ghana, the decision was influenced by what it describes as a reduction in FX demand during the festive period, when market activity slows, and FX requirements ease Read more
Mr. Augustine Donkor, Head of Credit Reporting and Financial Literacy at the Bank of Ghana, emphasized that the workshop is in line with the bank’s core mandate to revamp and strengthen the... Read more
He explained that just about two weeks ago, the Bank of Ghana introduced an intervention bill which reduced the rate to 56 percent, but despite this, the dollar continued to rise rapidly Read more
“If we were aggressively supporting the market, we would not be seeing this level of reserve growth,” he said Read more
Speaking at the swearing-in ceremony of the newly appointed governing board of the central bank on March 13, 2025, she highlighted that the success of the government is closely tied to the p... Read more
These funds are believed to belong to deceased individuals, mostly those who died in disasters such as floods, road accidents, and deaths. Read more
The Bank of Ghana Governor maintained that this will “promote rapid, transparent, and equitable resolution of debt as well as facilitate debt cancellation for the most vulnerable members.” Read more
The National Democratic Congress (NDC) has described the Bank of Ghana as a crime scene with dire consequences due to mismanagement by the Governor of the Bank of Ghana, Dr. Ernest Kwamina Y... Read more
The Governor noted that the money would boost the country’s reserves and the Cedi which is already doing very well in recent times Read more
The Bank of Ghana sold about $7 million on the spot market as against $5.2 million the previous week Read more
The BOG in an attempt to justify this reckless decision is rather eroding investor confidence by alluding to government inability to access the capital markets hence the need to finance gove... Read more
The Director of Financial Market at the Bank of Ghana, Stephen Opata made this known on Monday, January 16, when he appeared before the Public Accounts Committee (PAC) Read more
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