Tag: Bank of Ghana
Injecting US$800m to stabilise cedi an exercise in futility
Once again, the Bank of Ghana (BoG) has signalled that it will inject a whopping US$800million into the system to shore-up one of the...
BoG’s forex directive won’t curb cedi-depreciation – Dr. Atuahene
Financial analyst Dr. Richmond Akwasi Atuahene has debunked the idea that the new Ghana Interbank Forex Market Conduct outlined by the Bank of Ghana...
Enforce cybersecurity guidelines to bolster reforms – expert tells BoG
The central bank must enforce the cybersecurity guidelines it issued in the last quarter of 2018, or the reforms it introduced to sanitise and...
More external threats ahead for the cedi – BoG report
A report by the Bank of Ghana that assesses the impact of external shocks on Ghana’s economy has revealed the cedi’s depreciation against the...
Banking sector reforms: High fiscal costs, lessons and alternatives(1)
A basic economic principle is the opportunity cost of policy decisions and actions, which is simply what citizens give up for current spending or...
Deposits growth rate slows down — BoG report
A new central bank report, dubbed ‘Summary of Macroeconomic and Financial Data’, shows that the annual growth rate of banking sector deposits has seen...
BoG to review inflation target …as policy rate hits 6-year low
Governor of the Bank of Ghana, Dr. Ernest Addison, has said the Monetary Policy Committee (MPC) is pondering the possibility of revising the bank’s...
Pension cash for five banks a risky move – Bright Simons
The use of pension funds to rescue some five local banks unable to meet the Bank of Ghana’s GH¢400million minimum capital is a very...
23 banks operating after recapitalization – BoG
The Bank of Ghana have confirmed that 23 banks have been left to operate now following the recapitalization exercise that ended on December 31,2018....
Just in: GN Bank downgraded to savings and loans company
Local financial institution, GN Bank has been downgraded to savings and loans company, the Bank of Ghana (BoG) has announced.
According to the Central Bank,...
