Tag Archives: Bank of Ghana

The Minority in Parliament has said it will embark on another protest against the Governor of the Bank of Ghana, Dr Ernest Addison, on July 30, 2024, for allegedly engaging in wasteful spending on the new Head Office building. Speaking to journalists in Parliament, Member of Parliament for Bawku Central, …

The Bank  of Ghana (BoG) has said it has come to its notice that there are a number of Money Transfer Organizations (MTOs) operating within the remittance and the Ghana Forex Market without approval. The MTOs are, according to the BoG, LEMFI, WISE, TRANSFER GO, XOOM-A PAYPAL SERVICE, SENDVALU, BOSS REVOLUTION, BTC-AZA FINANCE …

Bank of Ghana released its full-year 2022 audited financial statements on 28th July 2023. The financial statements reported a total loss of GHS60 billion, which has since become a matter of unfortunate politicization. It is noteworthy that GHS53.1 billion of those losses were a direct result of the Government’s domestic …

The Supreme Court on Wednesday, July 19  affirmed the decision of the High Court that it has jurisdiction over the lawsuit filed against the Bank of Ghana (BOG) in August 2019. The highest court’s ruling upholds the decision of the High Court and paves the way for judgment. The case …

Following the fraud cases recorded in banks and Specialized Deposit-Taking Institutions (SDIs), the Bank of Ghana (BoG) has outlined a number of directives to the financial institutions to be undertaken in order to minimize the cases. The year 2022 recorded 2998 cases of attempted fraud cases for the banking and …

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has observed that the $ 3 billion programme approved for Ghana by the International Monetary Fund (IMF) has reinforced economic recovery. Governor of the BoG Dr Ernest Addison said at the 112th MPC press conference in Accra on Monday, …