Tag: Bank of Ghana

In a notable development in Ghana’s financial sector, George Smith-Graham, a former Director of Universal Merchant Bank (UMB), has announced his intention to appeal a High Court ruling that upheld ...

In June 2024, the banking industry's Non-Performing Loans (NPLs) ratio surged to 24.1%, a significant increase from the 18.7% recorded in June 2023. This sharp rise in NPLs highlights the ...

For the third consecutive time, the Bank of Ghana (BoG) has maintained the Monetary Policy Rate at 29 percent. This decision, announced by BoG Governor Dr. Ernest Addison on Friday, ...

The Founder and President of the Law and Society Network, Maverick Kwame Addi Addison has strongly criticized Vice President Dr. Mahamudu Bawumia, urging him to shift from making empty promises ...

Musa Danquah, a renowned financial consultant and Executive Director of Global InfoAnalytics, has pointed a finger at the Bank of Ghana (BoG) for the country's current economic difficulties. The former ...

John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has expressed his deep concern over the issues plaguing the financial sector cleanup done by the government, highlighting the ...

Groupe Nduom Limited, the parent company of GN Savings Limited, has issued a vehement call for the Bank of Ghana (BoG) to restore and upgrade the GN Savings license. The ...

The cost of credit for companies in Ghana remains high, with all banks in the country unable to offer corporate loans at rates below 30%. Businesses seeking loans from banks ...

The pressure on the cedi's value has eased due to an increase in foreign exchange (FX) liquidity, especially in US dollars.  This improvement follows the Bank of Ghana's significant intervention ...

In the ongoing fight against inflation, many central banks often deploy their most potent weapon - raising interest rates.  For instance, the Bank of Japan which has traditionally favored negative ...