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 […]

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 […]