Browsing: Bank of Ghana
As financial sector credit systems and management keep changing, the Bank of Ghana is putting in place policies and regulatory…
The Bank of Ghana (BoG) has cautioned the public against engaging with YellowPay, a digital payment platform operated by Yellow…
The Bank of Ghana (BoG) has reported a financial loss of GH¢9.49 billion for the 2024 fiscal year, marking the…
The Bank of Ghana (BoG) has heightened regulatory oversight in the banking sector with new directives aimed at promoting ethical…
The recent appreciation of the Cedi has earned it the status of the world’s best-performing currency in recent weeks, bolstering confidence in Ghana’s monetary authorities.
The cedi’s rebound has injected optimism into Ghana’s economy, easing inflation to 21.2% in April and revitalizing business confidence.
They have noted that, the performance is being driven by a mix of improved forex liquidity, but cautioned against any slippage in fiscal discipline.
The impending Virtual Assets Service Providers (VASP) Act will grant the BoG authority to license and supervise cryptocurrency exchanges, wallet providers, and other virtual asset services.
“While the policy tightening will affect funding costs and credit pricing in the near term, the financial system is well-positioned to absorb these effects”, Governor of the Bank of Ghana, Dr. Johnson Asiama, speaking at the maiden post-MPC meeting with CEOs of commercial banks in Accra last week, noted.
Last week, the Bank of Ghana laid any lingering doubts over whether expansionary supply side economics or demand management driven…