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Tag: Bank of Ghana (BoG)

GCB Lays Off 1000 of UT Staff after Take Over

Banking & Finance, Finance, News September 13, 2017 MASAHUDU ANKIILU 0 Comments

Accra, September 1, 2017//-Management of GCB Bank Limited has terminated the appointment of about 1000 workers of the now collapsed UT Bank Limited following liquidity challenges last month.

Only 3 Banks in Line to Meet Capital Requirement

Banking & Finance, Finance September 12, 2017 MASAHUDU ANKIILU 0 Comments

Accra, September 12, 2017//-Only three banks out of the 34 banks currently operating in the country are in a position to meet the new GH¢400 million minimum capital requirement set by the Central Bank of Ghana (BoG) without recourse to additional capital, credit consultant, Emmanuel Akrong has said.

BoG: Every Ghanaian Owes over GH¢5,716

Economy, Investing, News July 22, 2017July 22, 2017 MASAHUDU ANKIILU 0 Comments

Accra, July 22, 2017//-Figures released by the Bank of Ghana (BoG) yesterday have revealed that the government has, within three months, added GH¢9.4 billion  to the country’s debt stock.

Ghana Records Cash Deficit in 1st Q of 2017

Economy, Investing, News May 23, 2017 MASAHUDU ANKIILU 0 Comments

The Bank of Ghana (BoG) has revealed that provisional data on government fiscal operations in the first quarter of 2017 indicate a cash deficit of 1.5 percent of gross domestic product (GDP), consistent with the set target for the period.

BoG: Banks to Migrate All Payment Cards This Year

Banking & Finance, Finance, News April 29, 2017 MASAHUDU ANKIILU 0 Comments

The Bank of Ghana (BoG) has disclosed that it is working feverishly with the banking industry to migrate all payment cards from magnetic stripe standard to Europay, MasterCard and Visa (EMV) chip and PIN standard this year.

Ghana’s Trade Account Improves

Economy, Investing, News April 17, 2017 MASAHUDU ANKIILU 0 Comments

Bank of Ghana (BoG) has revealed that provisional data on the trade account during the first two months of 2017 pointed to a surplus of US$573.0 million compared to a deficit of US$574.1 million same period in 2016.

Ghana Eyes Number One Spot on Ease of Doing Business in Africa

Economy, Investing, News April 1, 2017 MASAHUDU ANKIILU 0 Comments

Ghana is eyeing the number one spot on the World Bank’s annual Ease of Doing report in Africa, following a revelation that the country which ranked 108 in last year’s report, is going to embark on sweeping reforms, this year.

Bank of Ghana Report: Interest Rates Drop Marginally Again  

Banking & Finance, Finance, News March 14, 2017 MASAHUDU ANKIILU 0 Comments

  The Bank of Ghana (BoG) has released its latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (AI) paid on deposits by banks.

Central Bank Risk Manager of the Year 2017: Bank of Ghana

Banking & Finance, Finance, News February 17, 2017 MASAHUDU ANKIILU 0 Comments

The Bank of Ghana (BoG) has been adjudged the Risk Manager of the Year by the Central Banking Publications (CBP), in recognition of the strong risk management culture that it has built into its business operations and protecting itself from emerging threats.

BoG to Surrender Portions of Export Receipts to the Market

Economy, Investing, News May 2, 2016 MASAHUDU ANKIILU 0 Comments

Ghana’s enthusiastic quest of deepening its foreign exchange market has given a major boost following a revelation that the central bank is putting modalities in place to surrender portions of the country’s two major export receipts directly to the market.

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Latest stories

  • Ghana: FDA Suspends Tasty Tom Tomato Mix Production Over Safety Concerns August 3, 2025
  • Commodity Dependence Runs Deep. Developing Countries Must Add Value to Turn the Tide August 3, 2025
  • Communities Favour Wildlife Friendly Conservation over Trophy Hunting in South Africa, New Study August 3, 2025
  • Wawira Njiru’s TED Talk Unveils Africa’s Blueprint to End Classroom Hunger August 3, 2025
  • Nigeria Expands Agro-Industrial Footprint with New Processing Hub in Oyo State August 3, 2025

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