Source: Africa Publicity The Bank of Ghana (BoG) says staff involvement in fraudulent activities across Ghana’s banking and specialised deposit-taking sector for the year 2024 increased to 33%. In its latest annual fraud report, the Bank of Ghana reported that at least 365 employees were implicated in various acts of financial misconduct — up…
Source: Africa Publicity A major counterfeiting operation was uncovered in Sarpeiman, a suburb in Ghana’s Greater Accra Region, with official Bank of Ghana cash boxes at its center. The incident raises alarming concerns about possible regulatory failures and the robustness of Ghana’s financial security systems. Director of Special Operations at the National Security Secretariat,…
Source: Africa Publicity The Ghanaian government has once again surpassed its Treasury bill target, this time by a staggering GHS 1.9 billion. The latest auction results from the Bank of Ghana show that investors are flocking to T-bills, with bids totaling GHS 9.6 billion – a significant 165% increase over the target of GHS…
Dr. Johnson Asiama Source: Africa Publicity In a significant development, President John Mahama has nominated Dr. Johnson Asiama as the new Governor of the Bank of Ghana, subject to approval from the Council of State. Dr. Asiama, who previously served as the Second Deputy Governor of the Bank of Ghana from 2016 to 2017, will…
Dr. Johnson Asiama In a significant development, the Office of the Attorney General has withdrawn all charges against Dr. Johnson Asiama, the former second Deputy Governor of the Bank of Ghana (BoG). Dr. Asiama had been accused of playing a role in the collapse of UT Bank and uniBank, two financial institutions that were shut…
The Bank of Ghana (BoG) has expressed optimism that the cedi’s stability is on the horizon, driven by the country’s improving economic fundamentals and monetary policy reforms. According to the central bank, the Ghanaian economy is poised for recovery, with a strong growth outlook and a declining inflation rate, which will ultimately lead to a…
In a grand ceremony, the Governor of the Bank of Ghana, Dr. Ernest Addison, and his two deputies, Dr. Maxwell Opoku-Afari and Mrs. Elsie Addo Awadzi, were conferred with National Awards for their outstanding contributions to the financial sector and public service. This recognition is a testament to their hard work and dedication to promoting…
President Nana Addo Dankwa Akufo-Addo and Bank of Ghana (BoG) Governor Dr. Ernest Addison highlighted the strategic importance of the Central Bank’s new $250 million headquarters during its commissioning ceremony in Accra on Wednesday, November 20, 2024. In his address, President Akufo-Addo lauded the Bank of Ghana for its vision in creating a facility…
The Bank of Ghana (BoG) has directed all financial institutions in the country, including commercial banks and All Enhanced Payment Service Providers to halt Remittance Termination Partnership with global remittance giant Taptap Send. This was captured in letter to all banks, Dedicated Electronic Money Issuers and Enhanced Payment Service Providers, as well as the Ghana…
The Bank of Ghana has launched the Ghana gold coin to provide more investment opportunities to Ghanaians. The gold coin, which is an initiative under its gold purchase programme will be available on the market in the next two weeks. Addressing the media at the Monetary Policy Committee (MPC) press conference on Friday,…
Visa, a global leader in digital payments, recently hosted a workshop themed “Securing the Future of Payments through Acceptance” to advance financial inclusion and map the future of digital commerce in Ghana. The event brought together key stakeholders, including representatives from the Bank of Ghana (BOG), the Ghana Association of Banks (GAB), fintechs, commercial…
The Bank of Ghana (BoG) has urged the public to thoughtfully evaluate their selection of a next-of-kin, emphasizing the importance of choosing an individual who is not only of legal age but also possesses the ability to provide pertinent information regarding the account holder when required. This advisory comes in response to what the Central…
By Africa Publicity The Central Bank of Ghana (BoG) on August 16, 2024, issued draft guidelines on digital assets, seeking feedback from the public and industry stakeholders on the country’s upcoming crypto regulations. The BoG says data collected over the last three years shows a greater increase in demand for crypto in Ghana….
The Central Bank of Ghana (BoG) has banned 47 Individuals and 245 business entities from issuing cheques and accessing new credit facilities for the next three years for persistly issuing dud cheques. BoG announced the sanctions in a notice to the public signed by its Secretary, Sandra Thompson. According to the notice, “the affected…
