[ad_1] A Monetary Economist Dr. Dennis Nsafoah, says he disagrees with critics of the Bank of Ghana over the injection of $US10 billion in the Ghanaian economy to stabilise the cedi. In recent weeks, the Bank of Ghana has faced criticism for “pumping US$10 billion” into the economy to stabilise the exchange rate. Critics argue…
[ad_1] On Joy FM’s news analysis programme on Saturday, January 3, 2025, Economic Policy Analyst, Senyo Hosi, acknowledged the immense role of former Vice President, Dr. Mahamudu Bawumia, in establishing the Bank of Ghana’s Domestic Gold Purchase Programme (DGPP), which is significantly contributing to the stability of the Cedi and to a large extent, the…
[ad_1] The Bank of Ghana (BoG) has revealed that its international reserves could cross $13 billion by the end of 2025. According to the Central Bank, this projection is based on tentative data as of mid-December 2025. The announcement was contained in a statement issued by the Bank of Ghana following concerns raised by the…
[ad_1] Bright Simons, Vice President of policy think tank IMANI Africa, has expressed strong reservations about the Bank of Ghana’s draft guidelines for regulating what it describes as “Non-Interest Banking,” cautioning that the framework could expose the sector to legal uncertainty, regulatory weaknesses, and operational challenges. In an article published on Saturday, December 13, reacting…
[ad_1] The Board of Universal Merchant Bank Ltd (UMB) has welcomed the appointment of an advisor to support the bank’s recapitalization efforts. The Bank of Ghana’s former Head of Financial Stability, Dr. Joseph O. France, has been appointed to advise UMB’s management, monitor its recapitalization efforts, and oversee governance reforms agreed upon with the Bank…
[ad_1] The Member of Parliament for Bawku Central, Mahama Ayariga says the Minority will continue its probe into the $250 million allocated for the construction of a new headquarters for the Bank of Ghana. The MP argues that the explanation given by the governor, Dr. Ernest Addison, only aggravates the situation and calls for further…
[ad_1] Minority Leader Dr. Cassiel Ato Forson has refuted claims by the Director of Communications of the New Patriotic Party (NPP), Richard Ahiagbah, that he was a member of the Bank of Ghana Board when the processes for the construction of the bank’s new head office began. In a press release, Dr. Forson said that…
