The Bank of Ghana has urged the public to volunteer information on suspected cases of money laundering and unexplained wealth. This is to combat financial crimes, sanitize the industry and uphold the integrity of the country’s financial system. The Central Bank stressed collaborative efforts in identifying and addressing illicit financial activities that pose a threat […] The post Volunteer
The Bank of Ghana (BoG) has maintained its Monetary Policy Rate (MPR) at 29 per cent. This comes as the International Monetary Fund (IMF) warned Central Banks to be careful when cutting interest rates as looser monetary policy could push inflation up further. This is the first time the BOG is maintaining the rate in […] The post BoG maintains policy rate at 29% appeared first on
Mahama Ayariga, the Member of Parliament for Bawku Central, has filed a second petition with the Office of the Special Prosecutor (OSP) concerning the controversial new headquarters of the Bank of Ghana (BoG). Earlier, he had accused the Governor, Deputy Governors, the Board of Directors of the Central Bank, and the project contractor, Goldkey Properties […] The post Ayariga
The Bank of Ghana will engage officials of the Ghana Revenue Authority and stakeholders within the financial sector on Tuesday, February 6, to address concerns related to unauthorized deductions on mobile money transfers. Over the past week, Citi FM has been at the forefront of advocating for Bank of Ghana officials to intervene and rectify […] The post BoG
Dr. Ernest Addison, BOG Governor The Human Right Division, Accra High Court, has dismissed an application filed by Dr. Papa Kwesi Nduom, GN Saving and Loans Company and others for Read More... The post ‘Central Bank Revoked GN Bank Licence Legally’ appeared
The Bank of Ghana (BoG) has lowered its monetary policy rate by one per cent. In effect, the rate that commercial banks use as a reference for lending has been reduced from 30 to 29 per cent after six months. The rate has remained at 30 per cent since July 2023 to keep inflation under […] The post BoG reduces policy rate to 29% appeared first on Citinewsroom
The Bank of Ghana has acknowledged receipt of US$600 million as the second tranche of Ghana’s bailout package with the International Monetary Fund (IMF) The cash meant for budget support and stabilization of the local currency, was officially credited to the Central Bank’s account today, Tuesday, January 23, 2023. This means, Ghana has received a […] The post IMF
President Nana Addo Dankwa Akufo-Addo wants the Bank of Ghana (BoG) to ignore what he calls mischief and misguided comments aimed at shifting focus from its core mandate. He explained that the Ghanaian economy is gradually recovering through the help of the Bank of Ghana. The Central Bank has come under fire, especially from the […] The post Ignore
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