By Francis Kobena Tandoh The Bank of Ghana (BoG) has denied claims making the rounds suggesting it is considering selling its newly constructed headquarters in the national capital, according to a statement on Tuesday. In the statement issued by the Communications Department, the Central Bank described the report as inaccurate.Continue Reading
By Francis Kobena Tandoh The Bank of Ghana (BoG) has directed Mobile Money Fintech Limited (MMFL) to suspend the proposed 0.75 percent proposed charges on wallet-to-bank transfers, a statement confirmed on Tuesday. According to the statement issued by the Communications Department of the Central Bank, the decision follows the needContinue Reading
By Francis Kobena Tandoh Former Finance Minister and Member of Parliament (MP) for Karaga, Mohammed Amin Adam has warned that the Court of Appeal’s decision ordering the restoration of GN Savings and Loans could create a risky precedent for Ghana’s financial sector regulation, according to a post over the weekend.Continue Reading
Earlier this year, I stated that the Bank of Ghana’s audited financial statements would show substantial losses. Government communicators dismissed it as false, and some resorted to personal attacks. The losses were later confirmed when the statements were published. I also said the losses were mainly due to policy failureContinue Reading
Ghana’s central bank governor, Johnson Asiama, has said that Africa must support home-grown digital advancement and leverage advanced technologies to create value and drive economic growth. With at least 49 percent of adults in sub-Saharan Africa having access to digital financing, the continent has enough momentum for technology-led growth,Continue Reading
Ghana’s central bank on Tuesday disclosed that it had recorded an annual loss of 34.95 billion Ghana cedis (about 3.11 billion U.S. dollars) in its overall operations for the year ending Dec. 31, 2025. In a statement, the bank said its annual financial report, released earlier, indicates a totalContinue Reading
The Bank of Ghana (BoG) on Wednesday cut its benchmark interest rate by 150 basis points to 14 percent amid ongoing geopolitical tensions in the Middle East. Governor of the BoG Johnson Asiama said during a Monetary Policy Committee (MPC) press briefing that the rising geopolitical tension in theContinue Reading
