Tag Archives: BoG

Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has stated that Ghana’s foreign exchange market has regained stability, with commercial banks now taking a leading role in driving trade activities instead of the central bank. Speaking in an interview with the International Monetary Fund (IMF) during the ongoing …

Private legal practitioner, Martin Kpebu, has described the closure of UniBank and other indigenous financial institutions under the Akufo-Addo administration as a politically motivated move that has backfired. Speaking to the media, Mr. Kpebu criticized former Governor of the Bank of Ghana, Dr. Ernest Kwamina Yedu Addison, for what he …

The Head of Finance at Merban Capital, Nelson Cudjoe Kuagbedzi, has urged the Bank of Ghana to intensify public education and enforcement efforts to encourage the circulation and acceptance of smaller cedi coins and banknotes. He disclosed that the widespread rejection of these currencies is contributing to inflation and weakening …

The First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, has credited the remarkable appreciation of the Ghanaian cedi to strong domestic economic policies. According to him internal factors have played a greater role than external ones in stabilizing the local currency. In an interview on JoyNews monitored …

The Minority in Parliament has strongly condemned the dismissal of over 100 employees of the Bank of Ghana, describing the move as unconstitutional, unlawful, and morally unacceptable. At a press conference held at Parliament House in Accra, the Caucus expressed grave concern over what they termed as mass termination of …

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has clarified that the central bank does not operate with a predetermined exchange rate target for the Ghana cedi, despite the local currency’s recent appreciation. Speaking at a press conference following the latest Monetary Policy Committee (MPC) meeting, Dr. …

  The Bank of Ghana has increased its policy rate by 28% to re-anchor the disinflation process. “And so by majority decision the committee decided to raise the monetary policy rate by 100 basis point to 28% and this is meant to re-anchor the disinflation process. As inflation becomes family …

  Director of Special Operations at the National Security Secretariat, Richard Jakpa and his team have raided the residence of former Bank of Ghana Governor, Dr. Ernest Addison. The team of about 15 heavily armed men reportedly forcefully entered the former BoG house at Roman Ridge on Wednesday, 19th March, …