Tag: Bank of Ghana
CORONANOMICS: Time for banks to drop lending rates
As the coronavirus pandemic is taking a toll on economies around the world, the private sector is one area that is really bearing the...
Coronavirus: Primary reserve requirement reduced to 8 percent to provide money...
Following examples of how central banks across the world are dealing with global economic trends, amidst the outbreak of the novel coronavirus (COVID-19), the...
BoG revokes licenses of 23 S&L companies
The Bank of Ghana has finally put paid on insolvent savings and loans companies, with renowned ones including GN Savings and Loans and Ideal...
BoG slaps GH¢4.6m fine on Barclays for misleading forex dealings
The Central Bank, in an unprecedented move, has fined Barclays Bank a total of GH¢4.68million for making frivolous quotes –these are quotes which they...
Banking reforms a step in the right direction-Canadian Investor
Canada based financial analyst and investor; Mr. Richard Gorab, has described the recent banking reforms introduced by the Bank of Ghana as a step...
Poor records and non-existent data pose challenge to debt recovery –...
Dr. Ernest Yedu Addison, Governor of the Bank of Ghana, has stated that poor records and non-existent data has become a major challenge for...
Banking sector outlook positive—BoG
The banking sector remains robust with strong growth prospects in various operational areas, the latest Banking Sector Report by the Bank of Ghana (BoG)...
BoG bans pricing in foreign currencies
The financial sector regulator, Bank of Ghana (BoG), has prohibited the pricing, advertising and receipt or payment for goods and services that are contracted...
BoG woo investors to the financial sector
The Bank of Ghana (BoG) has said the current macro-economic gains coupled with recent regulatory changes introduced to the financial sector provides several opportunities...
BoG must enforce laws stringently to maintain financial sector confidence
If the central bank means to maintain growing confidence and resilience in the financial sector, it must ensure that there is total compliance and...
