Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has revealed that the central bank intends to hand over the Gold for Oil programme to a commercial bank to operate. This, he said, would allow for the BoG to focus on its core mandate. Asked by Buem lawmaker Kofi Adams whether this programme is […] The post Bank of Ghana seeking to hand over Gold for
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has assured the Public Accounts Committee (PAC) of Parliament that by next year the central bank will see a huge jump in its holdings of gold due to the Gold For Reserves programme. He said that the full benefits of the programme have not […] The post Governor Addison assures PAC of ‘a big jump’ in BoG’s holdings
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […] The post Ghana’s
The Bank of Ghana (BoG) has revealed that it has reduced the scale of certain facilities in its controversial new head office, currently under construction. The BoG faced significant criticism over the construction of the new headquarters, with the Minority in Parliament demanding the removal or resignation of Governor Dr. Ernest Addison. Speaking before the […] The post Facilities
A private legal practitioner and a lecturer at the University of Professional Studies (UPSA) Law School, Albert Quashigah, has stated that Article 14 of the Children’s Act 1998 (ACT 560) cannot be applied to the Nungua child marriage between the 63-year-old Gborbu Wulomo and Naa Okromo. The GaDangbe Traditional Council, after receiving several backlash from […] The post Nungua
The Amansie South District in the Ashanti region continues to make strides in the area of infrastructure development as it seeks to improve the living conditions of the inhabitants. Made up of 86 communities, the district is making progress in areas such as transport,sanitation and education among others. At the commissioning of a two-unit kindergarten […] The post Amansie South commissions more projects
The Director of the Ghana School of Law, Barima Yaw Kodie Oppong, has requested forgiveness for himself and others who criticized the marriage of the 63-year-old Ga priest to a 13-year-old girl. Nuumo Borketey Laweh XXXIII, known as the Gborbu Wulomo, faced significant backlash when a video of his wedding ceremony with the young girl, […] The post Forgive
The Director of the Ghana School of Law, Barima Yaw Kodie Oppong, has identified several areas where litigation is common. The Manwerehene of Akyem Abuakwa pointed out land, marriage, and commercial matters as the main areas where legal disputes often arise. In an interview on The Point of View on Citi TV, he indicated that […] The post Land, marriage, most
In what is shaping up to be one of the most intriguing political maneuvers ahead of the upcoming elections, the New Patriotic Party’s (NPP) flagbearer, H.E. Alhaji (Dr) Mahamudu Bawumia finds himself at crossroads that could redefine the party’s future and potentially the political landscape of Ghana. With an array of prospective candidates to choose […] The post Bawumia Running Mate Saga:
The Education Minister, Dr Yaw Osei Adutwum, has announced that the first batch of 450,000 free student tablets fully funded through the Ghana Education Trust Fund (GETFUND) will be distributed this week. According to him, the distribution of the tablets has been categorised into three phases, with 450,000 to be distributed to 32 schools to […] The post Distribution of 450k student
The time has come for a timetable to be released by the Electricity Company of Ghana (ECG) for the erratic power supply (Dumsor) being experienced in parts of the country, former Director of Public Relations and External Affairs at the Public Utilities Regulatory Commission (PURC), Nana Yaa Jantuah, has said. She explained that a timetable […] The post Dumsor
Former Director of Public Relations and External Affairs at the Public Utilities Regulatory Commission (PURC), Nana Yaa Jantuah has said that the governing New Patriotic Party (NPP) erratic power supply (Dumsor) that happened under the Mahama administration as a political tool to come into the office. Now, she said, the NPP is faced with the […] The post NPP
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has explained why the local currency, the Cedi depreciated against the major trading ones, the Dollar, Pounds, and Euros, at a time when the local economy was expanding. Recently, the Government Statistician, Professor Samuel Kobina Annim announced that Ghana’s economy grew by 2.9% in 2023, […] The post Addison
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has asked the state security agencies to assist the bank in dealing with reports of cross-border illegal transfers. He says that although the Bank hears rumors of these illegal transfers, it is not taking the matter lightly. Dr Addison said these while answering a question […] The post Bank of Ghana prepared
By Joshua Worlasi AMLANU ([email protected]) The Monetary Policy Committee (MPC) of the Bank of Ghana has announced its decision to maintain the monetary policy rate at 29 percent, citing persisting upside risks to inflation. Dr. Ernest Addison, Governor of the central bank, disclosed the rationale behind the decision during the 117th MPC meeting’s press briefing […] The post
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […] The post Cedi continues
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has stated that Fiscal policy implementation so far has been broadly consistent with targets under the International Monetary Fund External Credit Facility (IMF ECF) supported programme. Although the primary fiscal balance (Total Revenue less Total Non-Interest Expenditure) target for 2023 was attained, he said, the […] The post Fiscal
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the Cedi was relatively stable in the first quarter of 2024 against the major trading currencies, especially the Dollar. He says they expect the stability to continue. Answering questions at the 117th Moneyray Policy Committee (MPC) press conference in Accra on Monday […] The post Cedis is relatively stable
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said that Nigeria is currently saddled with a crisis related to the challenges posed by its currency, the Naira. He said this is similar to what Ghana went through in 2022 when inflation kept rising, coupled with the rapid depreciation of the Cedi. Reuters […] The post Naira woes: Nigeria going through
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will be holding the 117th press conference today Monday, March 25. The MPC is expected to announce major policy decisions including whether or not the policy should reduce. The MPC is also expected to talk about the performance of the Cedi against the dollar […] The post Bank of Ghana to announce key decisions
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