The Bank of Ghana has dismissed reports that it has banned the opening of new dollar accounts in the country. In a public notice, the Central Bank said it had …
BANK OF GHANA
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Bank of Ghana raises interest rate to 22%, the highest since 2002
The Bank of Ghana (BOG) has increased its monetary policy rate (MPR) from 19 percent to 22 percent in a bid to curb inflationary pressures and halt the depreciation of …
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Ghana emergency MPC meeting: Goldman Sachs predicts 200bp hike in policy rate
Goldman Sachs, a global investment and research firm, has predicted that the Bank of Ghana (BoG) will raise its policy rate by 200 basis points (bp) on Wednesday when it …
The Bank of Ghana (BoG) is convening an emergency Monetary Policy Committee meeting on Wednesday, August 17, 2022, over recent challenges faced by the Ghanaian economy. The meeting according to …
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E-cedi will not affect MoMo business, says Bank Of Ghana
The Bank of Ghana has assured that its quest to implement the digital currency, also known as the e-cedi, will not disrupt or collapse the mobile money (MoMo) system. According …
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Bank Of Ghana forecasts supply deficit for cocoa market in 2021/22 crop season
The Bank of Ghana is forecasting a supply deficit for the cocoa market in the ongoing 2021/22 season with cocoa prices forecast to average about $2,450 in 2022, before increasing …
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Bank of Ghana buys gold in cedis
A roadmap has been developed for the implementation of the Bank of Ghana Gold Purchase Programme. Consequently, the Economic Management Team, the Bank of Ghana, Ministry of Lands and Natural …
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Bank of Ghana probes Flutterwaves’ operations
The Bank of Ghana (BoG) is conducting a review on the activities of Flutterwave in the country. This is coming after the Central Bank of Kenya ordered banks and microfinance …