Bank of Ghana (BoG)

In its efforts to maintain regulatory grips on the foreign exchange market, the Bank of Ghana has suspended the trading license of United Bank for Africa (UBA) Ghana and its …

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has said that the central bank is optimistic that private sector credit will begin to rise. He makes the point …

The Bank of Ghana (BoG) has cautioned the public against engaging in unlicensed foreign exchange activities, stressing that such practices including black market dealings, pricing, quoting, advertising, invoicing, or making …

Bank of Ghana Governor, Dr. Johnson Asiama, has revealed that COCOBOD is expecting over US$4 billion in inflows before the end of this year. He explained that the funds are …

The Bank of Ghana last Friday announced that it has designated digital credit services as a new Non-Bank Financial Service under the First Schedule of the Non-Bank Financial Institutions Act, …

The multi-sectorial stakeholders engaged by the Bank of Ghana in the effort to draft a framework for the introduction of Non-Interest Banking and Finance ( NIBF) in Ghana have commended …

The Bank of Ghana has set up a committee to review the Foreign Exchange Act and related policies to fix challenges in the forex market. Amid unofficial reports of intermittent …

Amidst intermittent foreign exchange shortages at the banks, the Bank of Ghana has taken steps to focus on improving the efficiency of the forex market and ensuring banks have sufficient …

Data from the Bank of Ghana shows a 50 percent decline in remittance inflows, as many Ghanaians abroad have paused sending money for local projects. This comes as Ghana’s economy …

All banks, Dedicated Electronic Money Issuers (DEMIs) and Enhanced Payment Service Providers (EPSPs) have been directed to submit detailed weekly reports on inward remittance transactions. According to the Bank of …