Tag Archives: BoG

The Bank of Ghana has been urged to increase the Policy Rate – the rate at which it lends to commercial bank – by 200 basis points from 14.5% to 16.5% to stem inflation. According to the Institute of Economic Affairs, this will increase the attractiveness of cedi-denominated assets to …

Ghanaian entrepreneur, Nana Kwame Bediako ( Freedom Jacob Caesar) , has said the Bank of Ghana has more daunting issues to deal with, such as solving the cedi’s depreciation, than to worry about the launch of a certain Freedom Coin. Nana Kwame, who is also known as Freedom Jacob Caesar, …

Dr Ernest Addison, Governor of the BoG The Bank of Ghana (BoG) has cautioned the public about the activities of a money-doubling scheme that operates under the name “BitCash Currency Exchange” and claims to have approval from the central bank.. The Bank of Ghana, in a notice, says it has …

The Bank of Ghana is warning the general public to be wary of a money-doubling scheme operating in Ghana under the pseudo name “Worldremit”, saying, the scheme is fraudulent and does not reward investors as promised. According to the Central Bank, this fraudulent scheme is distinct from the globally renowned …

The GH¢1 and GH¢2 notes will be phased out of circulation soon, as the Bank of Ghana gradually plans to remove them from circulation. According to the Central Bank, the poor handling of the notes, that is torn and soiled, make it expensive to print them. Governor of the Bank …