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
Ghanaian Blogger, Bongo Ideas has revealed the ordeal he experienced when he was arrested by some men who masqueraded as police officers. The post ‘They pointed a gun to my head and asked me to say my last prayers’ – Bongo Ideas speaks on his arrest first appeared on 3News.
Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, concluded her visit to Ghana on Monday, 18th March, 2024, following two days of productive engagements. Dr. Ernest Addison, Governor of the Bank of Ghana, bid farewell to the IMF MD, alongside the First and Second Deputy Governors of the bank and the IMF […] The post IMF MD departs
The Governor of the Bank of Ghana, Dr. Ernest Addison, has underscored the need for banks to remain committed to their critical role of bridging trade financing in both the primary and secondary markets. According to the governor, this will help strengthen the country’s financial systems. Speaking at the Ghana International Bank cocktail event to […] The post BoG
There is disquiet among both career staffers and political office holders of the Ogun State House of Assembly over the appointment of a new Clerk. The crisis became noticeable after the House Clerk, Adedeji Adeyemo, retired from active service in early March and the assembly refused to announce a name to occupy the office since […] The post Crisis brews in Ogun Assembly over appointment
Prof Kyei (middle) with Dr. Emmanuel K. Ireland, Chairman of the Community Practice Pharmacists Association (right), and Ebenezer Bediako, a director, ECL (left) with the new product Ghana’s leading Read More... The post Ernest Chemists Launches Prostenal For Men
The Ministry of National Security has strongly denied arresting controversial social media commentator Albert Nat Hyde, popularly known as Bongo Ideas. Reports purportedly suggested that Bongo Ideas was arrested on Thursday, March 14, 2024, in his house in Accra by the police and operatives of the National Security. But the Ministry of National Security in […] The post National
African leaders have made a decision that will create a robust future market for medical products for African manufacturers. Spearheaded by the Africa Centres for Disease Control and Prevention, a pooled procurement mechanism was agreed upon and signed off late last night at the African Union (AU) Summit in Addis Ababa. This decision is significant because […] The post Africa CDC spearheads
The Group Managing Director (GMD) of UBA Group, Mr. Oliver Alawuba, recently paid a working visit to the Governor of the Bank of Ghana, Mr. Ernest Addison, in a meeting that underscored UBA’s commitment to regulatory compliance and strategic expansion in Ghana and beyond. Mr. Alawuba assured Governor Addison that UBA would continue to adhere […] The post Governor
The Minority Caucus in Parliament has warned that it will not tolerate any further attempts to delay the approval of the bill on the promotion of proper human sexual rights and Ghanaian family values, commonly known as the anti-gay bill. Last week, ahead of the third reading and potential passage of the bill, Deputy Majority […] The post We won’t tolerate
Reverend Father Ernest Obeng of Saint Paul’s Anglican Parish of Akuapem–Mampong, in the Akuapem North municipality of Estern region has attributed low esteem, lack of confidence and lack of sense of responsibility among many children in Ghana to violence. According to the Akuapem-Mampong Parish Priest, who doubles as the Chief Executive Officer (CEO) for Addo […] The post ‘Violence is a
The All Progressives Congress, APC, in Rivers State has cautioned Governor Sim Fubara against running the state without a duly approved budget by the state House of Assembly. The Chairman of the Caretaker Committee of the party in the state, Tony Okocha, spoke in Port Harcourt while visiting the Speaker of the State Assembly in […] The post Stop running Rivers State without
Reverend Stephen Yaw Osei, Chief Director of the Ministry of Works and Housing says Consultants for the Saglemi Housing Project, Architectural & Engineering Services Limited (AESL) did not perform their duty to ensure that the country had value for money. Per his account before Justice Dr Ernest Owusu, a Court of Appeal judge, with an […] The post Saglemi project Consultant did not
The Ghana Police Service (GPS) has arrested forty-six more persons in connection with attacks on the Bepong Chiefs palace and some Police officers at Kwahu Bepong in the Eastern Region. The Police Service had earlier arrested 25 persons in connection with the attack. The arrests bring the total number of suspects so far arrested to […] The post Police
Headline inflation is expected to ease between13% to 17% by the end of 2024, according to the Bank of Ghana (BoG). The Central Bank says the expectation was as a result of inflation declining sharply by more than 30% in the course of 2023. It is also expected to trend back gradually to within the […] The post 2024 expected to end with at least 13% inflation -BoG appeared first on The
Bank of Ghana Governor Dr. Ernest Addison has said there is no better time than now for Africa to revisit the issue of scaling-up interoperability, in a bid to deepen financial inclusion and intra-Africa trade. He said the high prevalence of mobile devices, mobile money penetration and increased Internet connectivity offer an opportune window to […] The post
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
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