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We are Determined to Achieve Universal Access to Electricity by the end of the year – Dr Amin Adam

We are Determined to Achieve Universal Access to Electricity by the end of the year – Dr Amin Adam

 Dr Mohammed Amin Adam, Minister for Finance and members of the Ghanaian delegation held a meeting with the World Bank President, Mr Ajay Banga, to discuss issues of mutual interest and world bank programmes in

Business
BoG Re-affirms Anti-Money Laundering Regime

BoG Re-affirms Anti-Money Laundering Regime

The Bank of Ghana (BoG) has reiterated its commitment to address major gaps in the financial ecosystem of the country. This is to ensure the country does not return to the EU and UK’s list

Business
Govt Exceeds Treasury Bills Auction By GH¢466m

Govt Exceeds Treasury Bills Auction By GH¢466m

The government of Ghana has exceeded its initial target of raising GH¢ 2.10 billion to GH¢ 2.57 billion from the debt market in the latest auction of treasury bills with maturities of 192, 182 and

Business
We breached no procurement laws in $250m HQ project – BoG

We breached no procurement laws in $250m HQ project – BoG

Dr. Ernest Addison, the Governor of the Bank of Ghana, has firmly asserted that the institution did not violate any procurement laws in its efforts to construct a new Central Bank headquarters. This comes after

Business
BoG Not Under Any Obligation To Report To Parliament – Majority Leader Schools Ato Forson

BoG Not Under Any Obligation To Report To Parliament – Majority Leader Schools Ato Forson

Despite the widespread assertion that the Central Bank of Ghana is mandated to report its activities to parliament, the Majority Leader and Minister for Parliamentary Affairs, Osei Kyei-Mensah-Bonsu says such claims are untrue. According to

Business
BoG’s GH¢60Billion Loss Not Caused By Bank’s Bad Decisions But Gov’t’s DDEP – Central Bank Explains

BoG’s GH¢60Billion Loss Not Caused By Bank’s Bad Decisions But Gov’t’s DDEP – Central Bank Explains

Following the unprecedented GHC 60 Billion loss recorded by the Bank of Ghana, the Central Bank has blamed the loss on the government's Domestic Debt Exchange Programme (DDEP) and COCOBOD loans. The huge loss was

Business
Bank of Ghana gold reserve increases — Governor

Bank of Ghana gold reserve increases — Governor

Dr Ernest Addison, Governor of the Bank of Ghana (BoG), has announced that the central bank has seen an increase in its gold reserves this year. He said by June 30, the BoG had added

Business
FX License Suspension: We Are Sorry – Fidelity Bank Apologizes Customers

FX License Suspension: We Are Sorry – Fidelity Bank Apologizes Customers

Following the temporary suspension of its Forex Trading License by the Bank of Ghana, Fidelity Bank has rendered an unqualified apology to its customers for any inconveniences emanating from the decision of the regulator. The

Business
Bank Of Ghana Direct Banks To Move Money With Armoured Vans

Bank Of Ghana Direct Banks To Move Money With Armoured Vans

In response to the recent armed robberies during cash movements, the Bank of Ghana (BoG) has issued a directive to all banks in the country to immediately start using armored-plated bullion vans for cash transportation.

Business
BoG cautions public against 97 illegal entities providing loans via mobile apps

BoG cautions public against 97 illegal entities providing loans via mobile apps

The Bank of Ghana (BoG) has cautioned the public not to conduct any transactions with 97 unlicensed organizations that provide loans to the public via mobile applications. In a statement on Wednesday, the Central Bank