Browsing: Bank of Ghana
Bank of Ghana was granted operational independence to use whichever policy tools it sees appropriate to stabilise inflation around the target band.
Delivered last week, the court’s judgment highlighted procedural unfairness in the BoG’s actions and mandated that both parties engage in arbitration to resolve the dispute.
We have $7 billion in foreign exchange reserves. If I want to drive the dollar-cedi rate to GHS 10, I can do that tomorrow.
Ms Awadzi emphasised that beyond encouraging women to open bank accounts, there should be incentives for them to use these accounts to grow their businesses.
According to the Bank’s published financial figures for the first nine months of 2024, the bank recorded impressive profit before tax of GHC176.414 million compared with GHC26.999 million recorded during the same period in 2023, representing a profit growth of over 600 percent.
Ghana restructured $13 billion in Eurobond debt, achieving a 98% participation rate from bondholders, paving the way for the resumption of payments.
The report unveiled alarming trend of fraud committed by internal staffs of banks among others.
The Bank of Ghana’s eCedi has been adjudged the winner of the innovation in digital currency design for financial…
This is to help ensure that, the issuance of the recently launched Ghana Gold Coin does not promote money laundering and terrorism funding in the country.
The Gross International Reserves increased by US$1.58 billion to US$7.50 billion at end-August 2024, equivalent to 3.4 months of import cover.