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POLITICS

Time For Bawumia To Do Sincere and Somber Reflection For Akufo-Addo Has Let Him Down

Sincerely, if I were in Dr. Bawumia’s situation, I would be doing a lot of sober and solemn reflections. Nana took an innocent technocrat from our Central Bank and transmogrified him into one of the most talking politicians Ghana has ever seen. He is used him to do all the dirty jobs there are to do in politics.

  12 days ago ago
Time For Bawumia To Do Sincere and Somber Reflection For Akufo-Addo Has Let Him Down

ECONOMY-FINANCE

They are scammers, don’t deal with them – Bank of Ghana warns again

The Bank of Ghana says it has not authorized - given license to anybody – individual or entity to operate any money doubling scheme in the country and urging the public to be alert, to avoid being swindled. The Central Bank in a statement, made specific reference to a money doubling scheme that goes by the false name “worldremit” and labeled it as a scam – fraudulent.

  1 month ago ago
They are scammers, don’t deal with them – Bank of Ghana warns again

ECONOMY-FINANCE

Trending– GH¢1 and GH¢2 Notes To Be Replaced In The Economy– BoG Hints

The Bank of Ghana (BoG) has issued another statement hinting the public on measures it is currently cooking to phase out the one Ghana cedi and two Ghana cedis notes from the economy sooner than later. This decision is completely dependent on some uneconomic indicators that ensue the reprinting of these two currencies.

  2 months ago ago
Trending– GH¢1 and GH¢2 Notes To Be Replaced In The Economy– BoG Hints

ECONOMY-FINANCE

Ghc1 and Ghc2 cedis to be replaced with coins? This is why it is a bad policy.

By stretch of any imagination, the decision by the government of Ghana, through the Bank of Ghana to replace the 1 and 2 cedi notes with coins is not a thought through one, and the idea must be binned forthwith. The reason for this already unpopular policy makes its implementation worse.

  2 months ago ago
Ghc1 and Ghc2 cedis to be replaced with coins? This is why it is a bad policy.

ECONOMY-FINANCE

"Some People Are About To Cash Out Big' - Netizens React To BoG About To Phase Out ¢1 and ¢2 Notes

Ghana at it again as the Bank of Ghana announced it readiness to take out the 1 Ghana cedi notes and the 2 Ghana cedi notes as well from the system. Social media users has taken to their handles on various social media platforms to share their opinions about it since the news hits online.

  2 months ago ago

BUSINESS

I don't trust Bank of Ghana on it's figures on the Banking Sector Clean Up - NDC's Ato Forson

Member of Parliament for Ajumako-Enyan-Esiam, Dr. Casel Ato Forson has said that the figures given out by the country's Central Bank on the number of jobs collapsed due to the banking sector clean up is understated. The Bank of Ghana in August 2017 began a cleanup exercise in the banking sector by revoking the licenses of insolvent financial institutions in which figures out indicated that about 10,000 jobs were collapsed but looked forward in bringing it to 3,000. But the spokesperson for the minority NDC in

  1 year ago ago
I don't trust Bank of Ghana on it's figures on the Banking Sector Clean Up - NDC's Ato Forson

EDUCATION

BoG enlists Students Loan on Credit Systems

The Students Loan Trust Fund (SLTF) has been enlisted on the Credit Reporting System by the Central Bank, the Bank of Ghana. This was made known by the Chief Executive Officer of the SLTF, Nana Kwaku Agyei Yeboah at a presser today in Accra after the said plans have been laid down and rolled out by authorities.

  3 months ago ago
BoG enlists Students Loan on Credit Systems

ECONOMY-FINANCE

List Of Commercial Banks In Ghana. [See List]

There are different types of banks and it is very necessary for one to know these banks and the one that is right for you. These types of banks are classified under Commercial Banks, Investment Banks, Central Bank, Exchange Banks, Utility Banks etc. They all serve a particular purpose.

  3 months ago ago
List Of Commercial Banks In Ghana. [See List]

BUSINESS

Locked-up funds of depositors of savings and loans are being paid- Vice president.

Dr. Mahamudu Bawumia, the vice president of the Republic of Ghana in a press briefing has said that, 461,339 depositors of savings and loans as well as microfinance institutions have beem paid for their locked - up funds or investments. He however said that, about 3,745 persons of depositors have not been paid and this is due to the fact that, third parties were involved in their transactions and as such needs to be thoroughly investigated before their monies are released to them. He further made known his disappointment

  1 year ago ago
Locked-up funds of depositors of savings and loans are being paid- Vice president.

ECONOMY-FINANCE

BOG To Use Helicopters To Circulate Cash Instead Of Bullion Van

Last year, Dr Ernest Addison, Governor of the Bank of Ghana, stated that the Vice Air Marshal was supporting the Central Bank to transport cash to bank using helicopters arcoss the country to prevent robbery attacks. He explained that the robberies were carried out by criminals on bullion vans in the country.

  5 months ago ago
BOG To Use Helicopters To Circulate Cash Instead Of Bullion Van

ECONOMY-FINANCE

Ghana's debt stock increased to $332 billion in the first quarter.

According to Bank of Ghana data, Ghana's total public debt stock increased from GH304.6 in the first quarter of 2021 to about GH30 billion in April and May. As a result, Ghana's total public debt increased to GH332.4 in May 2021, bringing the debt-to-GDP ratio to 76.6 percent at the end of the month.

  4 months ago ago
Ghana's debt stock increased to $332 billion in the first quarter.

COVID

Banking sector reforms contributed significantly to Ghana’s COVID-19 response – 1st Deputy Governor

1st Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari has revealed that had it not been the banking sector reforms, Ghana’s story now in terms of the COVID-19 response would have been different.  Dr. Maxwell Opoku-Afari is of the view that the banking sector reforms coupled with the government’s fiscal reforms contributed immensely in the nation’s attempt to battle the COVID-19 global pandemic.  Speaking on MX 24’s Spotlight on Tuesday, the deputy governor explained that the financial sector

  1 year ago ago
Banking sector reforms contributed significantly to Ghana’s COVID-19 response – 1st Deputy Governor

POLITICS

1st Deputy Governor of BoG debunks claims of government interference

First Deputy Governor of the Central Bank of Ghana, Dr. Maxwell Opoku-Afari has outrightly refuted claims that the government interferes in the operations of the BoG.  According to Dr. Afari-Opoku, he cannot fathom where this perception of interference by the government in determining monetary policies emanates from since they are unfounded and cannot be substantiated.  Appearing on Accra-based MX 24’s Spotlight show on Tuesday, the deputy governor justified his opposition to this perception making reference

  1 year ago ago
1st Deputy Governor of BoG debunks claims of government interference

ECONOMY-FINANCE

Digital Cedi to be piloted this year - BoG Governor

The Deputy Governor of the Central Bank, Dr. Maxwell Opoku Adare has stated that the Bank of Ghana will bring a soft cash of the national currency by September this year. He made this confirmation when he met the media last week to elaborate certain plans the Bank has to help deepen the financial inclusion of all irrespective of ones location, this would help one to trade and use the local currency anywhere, anytime.

  4 months ago ago
Digital Cedi to be piloted this year - BoG Governor

BUSINESS

Bank of Ghana Adjudged The Best Central Bank In The World For 2020

Bank of Ghana adjudged the best central bank in the world for 2020 The Bank of Ghana (BoG) has been adjudged as the best Central Bank in the world at the seventh Central Banking Awards.  The Governor of the BoG, Dr Ernest Addison received the Central Bank of Year award on behalf of the bank. The organisers of the award ceremony, Central Banking were joined by representatives of the winners of the Central Banking Awards 2020 to celebrate their achievements during a virtual awards presentation published Tuesday,

  1 year ago ago
Bank of Ghana Adjudged The Best Central Bank In The World For 2020

POLITICS

10 Reasons Why NPP Struggled To Win The 2020 General Elections

Ghana's election 2020 is over and the New Patriotic Party emerged victorious with a renewed mandate to rule for another 4 years. This victory did not come cheap as the opposition NDC party pulled a lot of surprises in both presidential and parliamentary votes. The NDC managed to snatch about 32 seats from the NPP in a manner that shocked even the devil. Going into the elections, the NPP believed they had done so well that opposition NDC might be lucky to get 30% of valid votes cast, or manage with 20 parliamentary

  11 months ago ago
10 Reasons Why NPP Struggled To Win The 2020 General Elections

POLITICS

Lowland to loosen up countercyclical measures in monetary area - Governor Dr Ernest Addison.

GNA Dr Ernest Addison, Governor of the Bank of Ghana, has indicated of plans to fix all countercyclical measures actualized in the monetary area because of the COVID-19 pandemic to consider the correct working of the framework.  He has, accordingly, charged banks to stay watchful, redesign staff abilities, and improve the administration and danger culture to deflect any stuns and keep up the dynamic quality of the area.  "Throughout the following three years, in the repercussions of the pandemic, the Bank

  11 months ago ago
Lowland to loosen up countercyclical measures in monetary area - Governor Dr Ernest Addison.

BUSINESS

How Much Money Can A Country Print At A Time.

Money can be considered as any legal tender that is accepted as a compensation or payment for any goods or services. What defines the amount of money a country can print. Central bank has not defined any set value or pattern to limit printing amount of money. The necessity is that it should be enough to provide services, transfer goods and also regain the value of currency. This value of currency depend on enormous factor like associated interest rate, average exports as well as current fiscal deficit and many

  1 year ago ago
How Much Money Can A Country Print At A Time.

POLITICS

Ghana has recorded the lowest cedi depreciation under Akufo-Addo – Bawumia

It seems that Ghana's currency which is the cedi has really experienced a little bit change in our current economy and the Veep has his say on this. Let's go deep into details. The Vice President, Dr Mahamudu Bawumia, has said Ghana, under the organization of Nana Addo Dankwa Akufo-Addo, recorded the least devaluation of the cedi since 1992.  The previous appointee legislative head of the Central Bank said in spite of the fact that the COVID-19 pandemic has influenced economies everywhere on the world the Akufo-Addo

  1 year ago ago
Ghana has recorded the lowest cedi depreciation under Akufo-Addo – Bawumia

POLITICS

#EndSars: Protesters Bank Accounts Have Been Frozen By Nigerian Central Bank, See reaction and photos

#EndSars Protesters Bank Accounts Have Been Frozen By Nigerian Central Bank Its been almost a month now when Nigerians have been protesting against bad activities of their police unit called SARS in the country. Most citizens are not happy about how SARS are killing innocent youth and others bad activities which are not pleasant before God and man. It’s alleged and trending on twitter that the Governor of the Central Bank of Nigeria Godwin Emefielehas been blocking some citizens bank accounts who protested

  1 year ago ago
#EndSars: Protesters Bank Accounts Have Been Frozen By Nigerian Central Bank, See reaction and photos