[ad_1] The Bank of Ghana has fined Zeepay Ghana Limited for failing to use the average interbank exchange rate published by the Ghana Association of Banks and the Bank of Ghana for the conversion of settlement funds into the local currency. This development was captured in a statement issued by the Central Bank. “Further, the…
[ad_1] Dr Ernest Addison is the Governor of the Bank of Ghana. The Bank of Ghana (BoG) has issued a warning to the public against engaging with unapproved Money Transfer Organisations (MTOs) in the country. In an official statement on Thursday, November 16, the central bank highlighted that several MTOs operating in the remittance and…
[ad_1] The Bank of Ghana has cautioned the general public to desist from dealing with unapproved Money Transfer Organisations (MTOs). In a statement, the BoG said a number of these MTOs operating within the remittance and the Ghana Forex Market were without approval from it. These organisations include “LEMFI, WISE, TRANSFER GO, XOOM-A PAYPAL SERVICE,…
[ad_1] The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has pushed for a fast-tracked debt restructuring for vulnerable Group of Twenty (G20) members, including Ghana, Ethiopia, and Malawi. This comes on the back of recent agreements reached between Zambia and Chad and its creditors, and the need to safeguard these countries from…
[ad_1] The Governor of the Bank of Ghana and his Deputies have signed the book of condolence to commiserate with former President John Agyekum Kufuor on the demise of his wife, Theresa Aba Kufuor. The delegation, which was led by Governor Dr Ernest Addison included Dr Maxwell Opoku-Afari, the First Deputy Governor; Elsie Addo Awadzi,…
[ad_1] When the economy is in turmoil or facing a financial crisis, maintaining the public’s trust and confidence in the central banking system is essential. However, Dr. Addison’s poor transparency and communication throughout the present Bank of Ghana issue have harmed public confidence significantly. The response given by the Governor of the Bank of Ghana…
[ad_1] Dr. Ernest Addison The Governor of the Bank of Ghana, Dr. Ernest Addison says he and his two deputies are not going to resign either today or tomorrow as demanded by the opposition National Democratic Congress (NDC) Minority in Parliament. According to him, he is not stepping down, since the demonstration organised by the…
[ad_1] The Accra Regional Police Command has agreed to provide security for the opposition National Democratic Congress (NDC) and some Civil Society Organizations to embark on their demonstration against the Bank of Ghana (BoG). In a statement issued by the police, the required security which will be provided on Tuesday October 3, is in line…
[ad_1] The Bank of Ghana (BoG) has pledged its support towards the construction of a three-storey, eighteen-unit classroom block and a three-unit nursery block with ancillary facilities for the Independence Avenue 2 Cluster of Schools in partnership with the Accra Metropolitan Assembly. The project is part of the BoG’s efforts to support education in the…
[ad_1] The Governor of the Bank of Ghana, Dr Ernest Addison on Friday September 29, 2023 signed the book of condolence opened at the Ga Mantse Palace in memory of the late Queen mother of the Ga State, Naa Dedei Omaedru III. Dr Addison was accompanied by a delegation including the First Deputy Governor, Dr…
