Legal practitioner and governance analyst, Martin Kpebu, has commended the Bank of Ghana (BoG) for reinstating nearly a hundred employees who were dismissed last week, describing the move as a commendable act of leadership and responsiveness to public sentiment. Speaking on Joy FM’s Super Morning Show on Friday, Mr Kpebu praised the Governor of the central bank, Dr…
Mobile money transactions have significantly increased, according to data from the Bank of Ghana, which reflects the nation’s increasing use of digital financial services. The overall number of mobile money transactions rose significantly in just one month, from 705 million in September 2024 to 728 million in October 2024. The total value of Momo transactions…
The total number of collateral registrations recorded for Q3 2024 was 95,340, as revealed by the Bank of Ghana in its Quarterly Collateral Registry Brief. This compares to 56,314 registrations in the same quarter of 2023, reflecting a 69.3% year-on-year growth. A breakdown of registrations across the various categories of lenders showed that Savings and…
The Bank of Ghana (BoG) has reached a significant milestone with the inauguration of its cutting-edge headquarters, The Bank Square, marking a new era in its operations. President Nana Addo Dankwa Akufo-Addo officially opened the facility on Wednesday, November 20, 2024, in Accra. The ceremony was attended by key government officials, BoG leadership, and notable…
The Bank of Ghana (BoG) is set to inaugurate its new $250 million headquarters, known as “The Bank Square,” on November 20 in Accra. President Nana Addo Dankwa Akufo-Addo will serve as the guest of honour at the invitation-only event, which will commence at 10 a.m. The construction of this high-cost facility has been a…
The Bank of Ghana has suspended Consolidated Bank Ghana’s (CBG) Foreign Exchange Trading Licence, effective November 26, 2024, for one month The BoG cited section 11(2) of the Foreign Exchange Act, 2006 (Act 723) as the basis for this decision. In a statement on November 12, the Central Bank clarified that the suspension was prompted…
