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BoG sanctions 47 individuals, 245 business entities for issuing dud cheques

As a result of writing fake checks, the Bank of Ghana has sanctioned 245 companies and 47 individuals. The people and organisations violated a notice that was published in March 2021, according to a statement released by the BoG on August 6, 2024. “The affected bank...

Recent data shows that the economy is recovering – BoG

According to Dr. Ernest Addison, the governor of the Bank of Ghana (BoG), recent evidence from other independent actors supports the claim that the economy is recovering.  Speaking on July 16, 2024, at the SME Growth and Opportunity Summit in Accra, the Governor maintained that...

Inflation: A 30% reduction in inflation resulted in a cost of GH¢8.3bn on BoG’s open market operations

The Bank of Ghana (BoG) has clarified the cost incurred on its open market operations, which contributed largely to the Central Bank’s loss position in the audited 2023 financial statements.The cost of the Bank of Ghana's (BoG) open market operations has been made clear;...

Admit your mistake and restore GN Bank’s license – Groupe Nduom to BoG

Groupe Nduom has refuted the Bank of Ghana's (BoG) August 16, 2019, claims about GN Savings. On June 14, the BoG defended its choice to revoke GN Bank's licence in 2019, claiming that serious regulatory irregularities were the reason behind the decision.  The Central Bank asserted...