[ad_1] Dr. Johnson Asiama The Bank of Ghana has urged all forex bureaus to report to the Financial Intelligence Center (FIC) all sales and purchases of foreign currencies with a threshold of GH¢ 20,000 or its foreign currency equivalent or amounts as may be determined by the FIC. According to the Anti-Money Laundering and…
[ad_1] Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama The Bank of Ghana has disclosed a sharp rise in losses under its Domestic Gold Purchase Programme (DGPP), with figures reaching GH5.66 billion in 2024. The programme, established in June 2021, aims to strengthen the nation’s currency stability. Data shared with Asempa FM’s…
[ad_1] Dr. Johnson Asiama The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, says sustained monetary discipline introduced by the central bank has been a key driver of the sharp decline in inflation. Inflation, which stood at 23.8 percent in 2024, fell significantly to 5.4 percent in December 2025, marking a broad-based disinflation…
[ad_1] Dr. Johnson Asiama The Bank of Ghana (BoG), has stated that Virtual Asset Service Providers (VASPs) without the requisite licence after the transitional period will be sanctioned in accordance with the law. This was contained in a statement issued by the Bank of Ghana on Wednesday, December 31, 2025 following a joint sensitisation…
[ad_1] Dr. Johnson Asiama The Bank of Ghana (BoG), has described claims of some figures reported in relation to losses from Gold operations in 2025 as speculative. It was reported that Ghana recorded US$214 million in losses under the gold-for-reserves programme. But in a statement issued and released on Thursday, December 25, 2025 by…
[ad_1] The Bank of Ghana has taken decisive action against individuals and businesses that have breached its guidelines on the issuance of dud cheques. A total of 47 individuals and 245 business entities have been sanctioned for their involvement in this illicit activity. Effective June 28, 2024, the offenders have been prohibited from issuing…
[ad_1] The Supreme Court has affirmed the decision of the Bank of Ghana (BoG) to revoke the operating licence of Unicredit Ghana Limited. The court, in a unanimous decision, reversed the decision of the Court of Appeal and upheld that of a High Court in Accra which had found that the BoG committed no…
[ad_1] The Bank of Ghana (BoG) has clarified the role of FinTechs in the remittance space. In an explainer shared on the Bank’s social media handle, it emphasized that local FinTech companies authorized by the Central Bank do not mobilize foreign exchange (FX) from abroad. Instead, Money Transfer Organizations (MTOs) based abroad handle the receipt…
[ad_1] Dr. Ernest Addison The Governor of the Bank of Ghana, Dr. Ernest Addison, has made an impassioned call for governmental intervention against shareholders of banks and financial institutions implicated in the controversial financial sector clean up. During a joint press conference with the Ministry of Finance and the International Monetary Fund (IMF), Dr….
[ad_1] The Bank of Ghana (BoG) has articulated and rationalized the decisive action undertaken to revoke the license of GN Bank in 2019, citing pronounced breaches of regulatory protocols as the primary impetus behind the regulatory intervention. Emphasizing the institution’s failure to adhere to indispensable financial regulations and banking standards crucial for operational viability,…
