Tag: Bank of Ghana
IEA economist criticizes BoG, calls for monetary policy reset
Dr. John Kwakye, Director of Research at the Institute of Economic Affairs (IEA), has criticized Ghana’s monetary policy, describing the…
Fraud cases in banking sector increase by 5.5% in 2019 – BoG report
New figures released by the Bank of Ghana show that fraud cases in the banking sector increased to 2,295 from…
Court dismisses BoG’s application against defunct Capital Bank’s Ato Essien
The Commercial Division of the Accra High Court has given the greenlight for the founder of the defunct Capital Bank,…
BoG’s appeal in GN Savings & Loans case dismissed
The Court of Appeal today, Monday, June 22, 2020, dismissed an appeal by the Bank of Ghana (BoG), which challenged…
COVID-19: Government receives initial support of GHs5.5bn from BoG
The Finance Minister, Ken Ofori-Atta, on Thursday, presented a report to Parliament over the government’s plan to trigger section 30…
Commercial banks to reduce interest rates by 2%
Commercial banks in Ghana are expected to reduce interest rates by some 2%, effective April 1st 2020. President Nana Akufo-Addo,…