Accra, Ghana//-Staff of Banks and other Specialised Deposit-Taking Institutions (SDIs) involvement in fraud, constituted 53.46% of total fraud cases in 2021, a report by the Bank of Ghana (BoG) has revealed.
Category: Finance
BoG Elected Vice Chair of African Financial Inclusion Policy Initiative
The Bank of Ghana (BoG) has been elected as the African Financial Inclusion Policy Initiative (AfPI) Vice Chair. Seychelles however takes over as AfPI Chair. AfPI Leaders’ Roundtable will therefore be held in Seychelles in 2023. The Central Bank of Seychelles took over as the Chair of AFI’s African Financial Inclusion Policy Initiative (AfPI) from […]
More African Central Banks Are Exploring Digital Currencies
Several sub-Saharan African central banks are exploring or in the pilot phase of a digital currency, following Nigeria’s October introduction of e-Naira.
BoG: Payments Systems Key to the Success of the AfCTA
Accra, Ghana//-The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has firmly asserted the banks conviction that payments systems will be key to the success of the African Continental Free Trade Area (AfCTA).
Akufo-Addo Launches $750 Million Development Bank Ghana
Ghana’s President, Nana Addo Dankwa Akufo-Addo, on Tuesday, 14 June 2022, officially launched the Development Bank Ghana, which will help spearhead the vision of a Ghana Beyond Aid, which involves positioning the private sector to take the lead in the socio-economic transformation of our country, and create quality jobs for our young people.
BoG Calls For Additional Policy Measures to Sustain Ghana’s Economic Recovery
Accra, Ghana//-The Bank of Ghana (BoG) has called for additional policy measures as well as structural reform if necessary to improve confidence in the economy to sustain the country’s economic recovery.
Ghana’s Inflation Rises to 27.6% In May
Accra, Ghana//-Ghana’s inflation rate for the month of May 2022 has increased to 27.6% from the 23.6% recorded in April 2022, according to figures released by the Ghana Statistical Service (GSS) today.
How Banks Can Reimagine Lending to Small and Medium-size Enterprises
As the economy enters the next credit cycle, banks are finding both opportunities and challenges in the market for lending to small and medium-size enterprises (SMEs).
Ghana: Women Steal the Show at the African Banker Awards 2022
Accra, Ghana – Last night the 16th edition of the African Banker Awards Gala Ceremony took place at the Kempinski Hotel, with two women stole the show by winning two of the most prestigious awards.
Travelex Deepens Relationship with Customers in Ghana
Accra, Ghana//-Travelex, a leading global foreign exchange company has deepened its relationship with customers and other key stakeholders in Ghana.