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
Attorney-General Godfred Dame has described the criticisms against Chief Justice Gertrude Torkonor for the date fixed for hearing the injunction application by South Dayi Member of Parliament Rockson-Nelson Dafeamekpor as baseless. He said he applied for a speedy hearing of the injunction application that was filed by the South Dayi Member of Parliament Rockson-Nelson Dafeamekpor […] The post The
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
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 hosts of Yen Nsempa on Onua 95.1 FM Nana Yaa Brefo and Isaac Ekow JB together with their team organized a clean-up exercise at Ring road Busy Internet with Buzstop Boys, Crusaders of Change, and Zoomlion to clean the city. On the chosen day, volunteers gathered at the designated meeting point armed with brooms, […] The post Onua FM’s Y3n Ns3mpa team teams up
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
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
An eleven-member Ugandan delegation on Monday visited Ghana’s Education Ministry to understudy the nation’s educational reforms. The delegation, which would be in the country for five days, was led by Madam Kabahena Flavia Rwabuhoro, a Member of Parliament (MP) and Chairperson for Committee on Gender, Labour and Social Development, as the team comprised of eight […] The post Ugandan
Fidelity Bank, Ghana’s largest privately-owned bank has held its inaugural Stakeholder Workshop, as well as the Orange Summit, to address critical needs in sustainability and young entrepreneur development. These events are in line with the bank’s commitment to a brighter future for Ghana, through impactful initiatives on two key fronts – fostering sustainable development and […] The post Fidelity
Daniel Yao Domelevo, former Auditor-General, has attributed the surge in corruption and corruption-related offenses in the country to less punitive measures and weaknesses in the system to apprehend perpetrators. He said that when there is no control mechanism to track the activities of citizens, people are likely to take advantage of the situation. The former […] The post Less
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
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