All six voting members of the Monetary Policy Committee (MPC) of the Bank of Ghana unanimously supported the decision to keep the benchmark policy rate unchanged at 14 percent during …
Bank of Ghana
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BoG stance on GN S&L suggest unlikely wholesale license restorations
The decision by the Bank of Ghana to challenge last week’s Court of Appeal ruling restoring the license of GN Savings and Loans is dampening expectations that financial institutions shut …
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BoG directs MobileMoney Fintech Ltd to halt 0.75% charge on MoMo to bank transfers
The Bank of Ghana (BoG) has directed Mobile Money Fintech Limited (MMFL) to pause the announced implementation of a 0.75 percent fee on direct wallet-to-bank transfers. According to a statement …
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Ghana moves towards mega domestic cocoa bonds issuance
The Government of Ghana has begun disclosing details of an ambitious new domestic cocoa financing programme centred on a planned cedi-denominated bond issuance with a target size equivalent to US$1 …
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BoG introduces dynamic Cash Reserve Ratio Regime for banks
The Bank of Ghana has announced the introduction of a dynamic Cash Reserve Ratio (CRR) framework for commercial banks, marking a significant shift in the country’s monetary policy and liquidity …
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First non-interest banking licence expected this year
Ghana is expected to grant its first non-interest banking licence before the end of 2026 as the Bank of Ghana (BoG) advances efforts to establish a robust framework for the …
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Court of Appeal orders license restoration of GN Savings and Loans
The Court of Appeal has unanimously ordered the restoration of the operating licence of GN Savings and Loans Company Limited, overturning earlier rulings that validated its revocation. In a decision …
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The Bank of Ghana (BoG) has struck a cautiously optimistic tone on the country’s macroeconomic outlook, signalling resilience in the face of exchange rate volatility while outlining fresh initiatives to …
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BoG warns of rising external risks as MPC convenes amid policy complexity
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has warned that while Ghana’s macroeconomic conditions have improved significantly in recent months, a worsening global environment—driven largely by the …
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BoG assures market of adequate dollar supply amid cedi pressure
The Bank of Ghana (BoG) has assured businesses and commercial banks that it has sufficient foreign exchange reserves to meet market demand despite renewed pressure on the cedi in recent …
