The Minority in Ghana’s Parliament on Tuesday demanded the immediate reinstatement of about 100 staff dismissed by the Bank of Ghana (BoG) recently. Addressing journalists in Parliament, Member of Parliament (MP) for Savelugu, Hajia Fatahia Abdul-Aziz, described the move by the country’s Central Bank as unjust and unacceptable. According toContinue Reading
The Bank of Ghana on Friday held its benchmark interest rate unchanged at 28 percent, citing a stronger local currency and easing inflation. Bank of Ghana Governor Johnson Asiama noted at the Monetary Policy Committee (MPC) press briefing that the cedi appreciated by 24.1 percent against the U.S. dollar betweenContinue Reading
By Francis Kobena Tandoh Governor of the Bank of Ghana, Dr. Johnson Asiama, said on Friday the consuming public can expect a gradual reduction in the prices of goods and services across the country. According to him, the recent appreciation of the Ghanaian cedi will soon begin to be feltContinue Reading
The Bank of Ghana (BoG) began preserving gold reserves in 1961 during the administration of President Kwame Nkrumah. However, this practice was discontinued in 1962 due to a decline in gold prices and a strategic shift towards holding foreign currency and securities as reserve assets. President Jerry John Rawlings (1993–2001)Continue Reading
By Francis Kobena Tandoh The Bank of Ghana (BoG) said on Thursday that over-the-counter (OTC) cash withdrawals in foreign currency from bank accounts are allowed, according to a statement from the Central Bank released here. The statement signed by the bank’s Secretary, Ms. Sandra Thompson comes amid public speculation andContinue Reading
The Institute of Public Policy and Accountability (IPPA) says the hike in the policy rate by the Bank of Ghana (BoG) recently as abnormal. The group explained that the rate was hiked at the wrong time when businesses were struggling to survive. The Monetary Policy Committee of the Bank ofContinue Reading
