Ghanaians have been warned by the Central Bank not to borrow money from 19 unauthorised institutions. On August 22, 2022, it issued a statement that read, “The Bank of Ghana has noted that certain unlicensed organisations are giving loans to Ghanaians in violation of the 2016 Banks and Specialized Deposit-Taking […]
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The Bank of Ghana has indicated it will soon close down licensed forex bureaus that are not complying with the foreign exchange law. Officials of the Central Bank disclosed this to Joy Business after embarking on some field exercises to check the state of compliance with some bureaus in the […]
According to Dr. Dennis Nsafoah, an assistant professor of economics at Niagara University headquartered in the US, the Bank of Ghana provided about 78% of the government’s need for funding of 28 billion in the first half of 2022. The operation cost Ghana roughly $2 billion in foreign reserves. “Even […]
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) on Tuesday, August 17, 2022, expanded the arrangement rate by 300 premise focuses to 22%. The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) on Tuesday, August 17, 2022, expanded the arrangement rate by 300 premise […]