The impending Virtual Assets Service Providers (VASP) Act will grant the BoG authority to license and supervise cryptocurrency exchanges, wallet providers, and other virtual asset services.
Bank of Ghana
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Economy and FinanceNews
BoG cautions commercial banks as they adjust lending rates
by Adnan Adamsby Adnan Adams“While the policy tightening will affect funding costs and credit pricing in the near term, the financial system is well-positioned to absorb these effects”, Governor of the Bank of Ghana, …
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Economy and FinanceNews
Govt snubs high treasury bill rate demands …despite heavy debt refinancing needs
by Adnan Adamsby Adnan AdamsThis means that government is openly calling the bluff of investors who are gradually pulling back from buying treasury bills that offer interest rates that are between 450 and 700 …
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Gold prices crossed the US$3,000 per fine ounce on March 14, 2025, on account of heightened economic uncertainty triggered by the trade and geopolitical tensions, persistent inflation, and weakening US …
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Economy and FinanceNews
BoG raises benchmark interest rate to 28% …even as treasury bill rates hit two year low of less than 17%
by Adnan Adamsby Adnan AdamsThe Ghana Reference Rate, which serves effectively as the base lending rate for all commercial banks – being computed by them in collaboration with the BoG – has been a …
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Economy and FinanceNews
Cedi records 5.3% year-to-date depreciation against US dollar
by Adnan Adamsby Adnan AdamsBank of Ghana data indicates that the Ghana Cedi lost 5.3% in value to the US dollar from January to March this year.
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Economy and FinanceNews
Consider every statistics and sentiments as the pulse of the economy… Mahama urges as he swears in BoG Governor
by Adnan Adamsby Adnan AdamsHe tasked them to go beyond mere technical considerations and act in full recognition that every statistic, every movement on a chart, and every shift in an index is more …
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Economy and FinanceNews
DDEP was a life-and-death matter for all Ghanaians – Addison
by Adnan Adamsby Adnan AdamsThe Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has categorically rejected assertions that associate the independence of the Central Bank with the government’s Debt Exchange Programme (DDEP). …
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Economy and FinanceNews
Deregulate financial sector’ or watch the economy totally collapse – ACEYE
by Adnan Adamsby Adnan AdamsAcquah spoke during a ACEYE Public Policy Value Rating presser in view of the 2024 general elections, held at their headquarters in Dome, Accra.
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FeaturesNewsTravel
Higher tourist arrivals is among major drivers of Ghana’s improved economy – Bank of Ghana
by Adnan Adamsby Adnan AdamsMajor drivers of the improvement in economic activity include increased port activity, households and firms consumption of goods and services , construction activities, credit to the private sector, and higher …