About Bossu
  • arrow_back Home
  • keyboard_arrow_rightBank of Ghana

Bank of Ghana

Results 1-11 of 12 remove Page 1 of 2

Category filter keyboard_arrow_down
trending_flat

Ahafo

Bank of Ghana Appoints Three Advisors to Strengthen Monetary Policy Committee

The Bank of Ghana (BoG) has appointed three distinguished economists as advisors to its Monetary Policy Committee (MPC). This strategic move aims to enhance the committee's capacity in formulating effective monetary policies amidst evolving economic challenges. The Newly Appointed Advisors Dr. John Kwabena Kwakye: Currently serving as the Director of Research at the Institute of Economic Affairs (IEA), Dr. Kwakye brings a wealth of experience in economic analysis and policy formulation. Professor John Gatsi: As the Dean of the University of Cape Coast Business School, Prof. Gatsi is renowned for his expertise in finance and economics, contributing significantly to academic and policy discourse in Ghana. Dr. Priscilla Twumasi Baffuor: A Senior Lecturer at the University of Ghana's Department of Economics, Dr. Baffuor specializes in development economics and has been instrumental in research on economic growth and policy development. These appointments […]

Ahmad May 21, 2025

trending_flat

Ahafo

Cedi at 60: Bank of Ghana Celebrates Currency Milestone Nationwide

Ghana's national currency, the Cedi, marks its 60th anniversary on July 19, 2025. Introduced in 1965 to replace the Ghanaian Pound, the Cedi has been a symbol of the nation's economic sovereignty and progress. To commemorate this milestone, the Bank of Ghana (BoG) has planned a series of nationwide events spanning from July to December 2025. Historical Significance of the Cedi Since its inception, the Cedi has undergone several transformations to adapt to Ghana's evolving economic landscape. From design changes to policy reforms, each phase reflects the country's resilience and commitment to financial stability. The Cedi stands not just as a medium of exchange but as a testament to Ghana's journey towards economic independence. Planned Nationwide Events The BoG's six-month commemoration, dubbed Cedi@60, will include: Official Launch Events: Kicking off the celebrations with ceremonies highlighting the Cedi's history. Public Exhibitions: […]

Ahmad May 13, 2025

trending_flat

Ahafo

Ghana cedi named world’s best-performing currency by Bloomberg

Ghana's cedi has recently garnered international attention by being named the world's best-performing currency in April 2025, appreciating nearly 16% against the US dollar, according to Bloomberg. This significant turnaround marks a notable shift from its previous status as one of the weakest currencies globally. A Remarkable Reversal In 2022, the Ghanaian cedi faced severe depreciation, losing over 50% of its value and ranking among the world's worst-performing currencies. This decline was attributed to unsustainable debt levels, high inflation, and dwindling foreign exchange reserves. The situation prompted the Ghanaian government to seek a $3 billion bailout from the International Monetary Fund (IMF) to stabilize the economy. Economic Recovery and Currency Appreciation The cedi's recent appreciation has had a positive impact on Ghana's economy. Consumer price inflation fell to 21.2% in April, down from 22.4% in March, marking the lowest rate […]

Ahmad May 8, 2025

trending_flat

Ahafo

GUTA Applauds Bank of Ghana for Strengthening Cedi, Urges Sustained Economic Measures

The Ghana Union of Traders’ Associations (GUTA) has lauded the Bank of Ghana (BoG) for the recent strengthening of the Ghanaian cedi against major international currencies, attributing this development to effective forex market management and prudent fiscal policies. In a statement released on May 7, 2025, signed by GUTA President Dr. Joseph Obeng and Head of Business & Economic Bureau Charles Kusi Appiah Kubi, the association acknowledged the cedi's consistent appreciation since the beginning of the year. This positive trend has brought relief to the business community, enabling traders to recover some of the capital lost during previous periods of currency depreciation. GUTA emphasized that the cedi's stability has not only bolstered business confidence but also altered market perceptions, reducing the reliance on foreign currencies as a store of value. The association urged the BoG and the government to maintain […]

Ahmad May 7, 2025

trending_flat

ASHANTI

BoG stirs Crypto appetite — Industry players hail move

The Bank of Ghana (BoG) has stirred the appetite for its foray into the cryptocurrency market with the expected launch of a regulatory framework for Virtual Asset Service Providers (VASPs) and virtual currencies in September. Governor of the Bank of Ghana, Dr Johnson Asiama, said in an interview with the Graphic Business that the central bank was finalising the regulatory framework subject to the conclusion of internal processes and stakeholder consultations. For many, cryptocurrencies have gone from a curiosity to a force in finance, technology and culture, making them almost impossible to ignore. Dr Asiama is upbeat about the opportunities responsibly managed virtual assets can offer, including enhanced access to financial services, more efficient cross-border transactions, and increased innovation in the financial sector. “Nonetheless, the BoG remains committed to implementing strong safeguards to protect the financial system,” the Governor said. […]

Ahmad April 30, 2025

trending_flat

ASHANTI

See the companies approved by the Bank of Ghana to operate in the Bond Market and as Primary Dealers

According to a notice issued on April 14, 2025, and signed by Sandra Thompson (Ms), Secretary to the Bank of Ghana, a total of 12 institutions have been approved as Primary Dealers, while eight of those have also been selected to function as Bond Market Specialists responsible for the issuance of government bonds through the book-building process. The approved Primary Dealers—who are exclusively mandated to participate in the wholesale auction of treasury bills, and to market and distribute such securities—are: ABSA Ghana Limited ADB PLC ARB Apex Bank Black Star Brokerage Limited CalBank PLC Consolidated Bank Ghana Limited Databank Brokerage Limited Ecobank Ghana PLC Fidelity Bank Ghana GCB Bank Obsidian Achernar Limited Stanbic Bank Ghana​ Out of these, the following eight institutions have been granted the additional status of Bond Market Specialists: ABSA Ghana Limited Black Star Brokerage Limited CalBank […]

Ahmad April 24, 2025

trending_flat

Ahafo

Bank of Ghana to begin cryptocurrency regulation by September — Governor Asiama

Speaking at the African Leaders and Partners Forum in Washington, D.C., held on the margins of the IMF/World Bank Spring Meetings, Dr Asiama said the move is pending the passage of the much-anticipated Virtual Asset Providers Act, which will formally empower the BoG to license and supervise operations in the digital asset space. To enhance the regulation of these platforms and assets, the Bank of Ghana is establishing a dedicated unit focused on digital assets,” Dr Asiama stated. “This is a technology we cannot prevent, hence the need to move fast to regulate it.”The central bank’s upcoming intervention comes at a time of rapid expansion in digital finance, with Ghanaian consumers and businesses increasingly engaging with cryptocurrencies such as Bitcoin and Ethereum, despite the absence of a clear regulatory framework. In August 2024, the BoG issued draft regulatory guidelines aimed […]

Ahmad April 23, 2025

trending_flat

General

Bank of Ghana Mandates Full Disclosure of Loan Fees, Unclear Charges to Be Nullified

The Bank of Ghana (BoG) has issued a clear warning to banks and financial institutions: all fees and charges associated with loan agreements must be fully disclosed to borrowers. If any fees are not disclosed, they will be considered null and void, and the borrower is entitled to a refund.In its latest Financial Literacy Responsible Borrowing guidelines, the central bank emphasized the importance of transparency in the lending process. The BoG advised borrowers to pay special attention to the Annual Percentage Rate (APR), which includes both the interest rate and any additional fees and charges for the loan.Additionally, it is now mandatory for financial institutions to provide a complete breakdown of all loan-related fees in the loan agreement. If fees are not disclosed, the lender could face penalties and be required to refund all previously paid fees.The central bank urges […]

Muhammad Saminu April 9, 2025

trending_flat

Greater Accra

National Security Uncovers Bank of Ghana Cash Boxes at Sapeiman Counterfeiting Hub

In a shocking revelation, National Security officials have uncovered official Bank of Ghana (BoG) cash boxes at the center of a massive counterfeiting operation in Sapeiman. The discovery raises serious concerns over regulatory lapses and the vulnerability of Ghana’s financial security systems.During a special tour of the crime scene, Richard Jakpa, Director of Special Operations at the National Security Secretariat, confirmed that the cash boxes were genuine BoG property, leading to questions about how such sensitive materials ended up in the hands of criminals.The operation, which took place in February, uncovered one of the most sophisticated counterfeiting rings in recent years. Investigators found ten 40-foot containers filled with counterfeit cedi and US dollar notes, as well as fake gold bars that had begun to peel, revealing silver beneath. The operation was cleverly disguised as a local battery-charging shop operated by […]

Muhammad Saminu April 7, 2025

trending_flat

Greater Accra

Painter Caught on CCTV Stealing GH₵1M Cables from Bank of Ghana Site

A painter working on the new Bank of Ghana headquarters at Ridge, Accra, has been remanded in police custody for allegedly stealing copper cables worth GH₵1,035,500. The suspect, Ahmed Mohammed Lawal, was identified through CCTV footage and later arrested.According to prosecutors, Lawal and two accomplices—who are still at large—broke into the Energy Farm section of the construction site on February 16, 2025. Using a scaffold, they gained access and cut several bundles of copper cables before making away with them.Investigations revealed that Lawal sold his share of the stolen items at Kwame Nkrumah Circle, earning GH₵2,000. However, he was unable to assist police in tracking down his accomplices or the buyer.The court, presided over by Mrs. Sedinam Awo Kwadam, has adjourned the case to March 19, 2025, as investigations continue.

Edem 4Style March 6, 2025

About Bossu TV

BossuTV is a groundbreaking digital television platform that delivers dynamic, high-quality content across every aspects of life — from entertainment, education, and lifestyle to business, culture, and community development

Site Links

Login to enjoy full advantages

Please login or subscribe to continue.

✖

Go Premium!

Enjoy the full advantage of the premium access.

✖

Stop following

Unfollow Cancel

✖

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation

✖