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Results for "Bank of Ghana (BoG)"

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IMF Advises Bank of Ghana on Policy Rate Cuts
Businessmyjoyonline8d ago

IMF Advises Bank of Ghana on Policy Rate Cuts

The International Monetary Fund (IMF) has advised the Bank of Ghana (BoG) to exercise caution with further policy rate cuts, warning that easing could shift monetary policy from neutral to accommodative, which is not currently warranted.

Bank of Ghana Absorbs GH¢11.5 Billion from Market with Cash Reserve Ratio
Businessmyjoyonline13d ago

Bank of Ghana Absorbs GH¢11.5 Billion from Market with Cash Reserve Ratio

The Bank of Ghana (BoG) has stated that its early assessments of the 20% Cash Reserve Ratio (CRR) implementation have been orderly, leading to the absorption of GH¢11.5 billion from the market. The Central Bank has been closely monitoring liquidity conditions, money market rates, credit activity, and the foreign exchange market since its introduction.

Ghana's Cedi Stability Linked to Bawumia's Gold Reforms
Politicsmyjoyonline1mo ago

Ghana's Cedi Stability Linked to Bawumia's Gold Reforms

Ghana's Bank of Ghana (BoG) has reportedly validated Vice President Bawumia's gold reforms, with a government official stating that the BoG's own answers confirm the recent stability of the cedi is sustained through the Domestic Gold Purchase Programme.

BoG Governor urges traders to keep cedi notes clean
Businessmyjoyonline1mo ago

BoG Governor urges traders to keep cedi notes clean

The Governor of the Bank of Ghana (BoG) has appealed to traders and market operators to adopt proper cash-handling practices to preserve the quality of Ghana's currency. This is part of a national clean-up drive.

Bank of Ghana to Divest Remaining Stakes in ADB and NIB
Businessmyjoyonline26d ago

Bank of Ghana to Divest Remaining Stakes in ADB and NIB

The Bank of Ghana (BoG) plans to sell its remaining shareholdings in the Agricultural Development Bank (ADB) and the National Investment Bank (NIB). This move is part of an effort to strengthen the BoG's role strictly as a financial sector regulator.

Ghanaian Majority Defends Closed-Door BoG Meeting, Citing Independence
Businessmyjoyonline1mo ago

Ghanaian Majority Defends Closed-Door BoG Meeting, Citing Independence

The Chairman of Parliament’s Economy and Development Committee, Eric Afful, has defended a closed-door meeting regarding the Bank of Ghana (BoG). He dismissed suggestions of shielding the central bank from scrutiny, emphasizing the need to handle its operations with discretion to maintain independence.

Ghanaian MP Urges Bank of Ghana Recapitalization
Businessmyjoyonline3mo ago

Ghanaian MP Urges Bank of Ghana Recapitalization

Kojo Oppong Nkrumah, a Member of Parliament, has called for the urgent recapitalization of the Bank of Ghana (BoG) and warned against political interference, citing recent audit findings of financial losses.