Be careful whom you guarantee loans for – BoG to consumers
The Bank of Ghana (BoG) is advising consumers to be wary of whom they guarantee loans for.According to the Central Bank, the guarantor...
Mahama Ayariga petitions World Bank, IMF
Bawku Central Member of Parliament (MP) Mahama Ayariga, has petitioned the World Bank and the International Monetary Fund (IMF), not to extend any support...
Zambia reaches deal for debt relief on $4bn owed to bondholders
Zambia has reached a deal for relief on nearly $4 billion owed to private bondholders, raising hopes that a protracted debt restructuring by Africa’s...
External debt restructuring: Eurobond holders to face nominal ‘haircut’ of between 30-40%
Finance Minister, Ken Ofori-Atta, has stated that Eurobond holders may face a nominal haircut of between 30% and 40% as part of the restructuring...
World Bank sets $300m in budget support to Ghana in December
The World Bank is expected to advance $300 million in budget support to Ghana in December 2023.JoyBusiness picked up from persons with knowledge of...
Minority sends strong message to BoG
The Minority caucus in Parliament says it will treat any business concerning the Bank of Ghana (BoG) differently as long as the Governor, Dr...
I won’t resign; NDC demo “completely unnecessary” – BoG Governor
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has dismissed calls by the opposition National Democratic Congress (NDC) and the Minority...
NIB reacts to claims Managing Director runs bank remotely
The National Investment Bank (NIB) has denied claims that the Managing Director has been managing the bank for one year via Zoom.Bolgatanga Central Member...
BoG paid property developer $36m during Ghana’s worst forex crunch – A-G report
The Auditor General, in its 2022 report, has revealed the Bank of Ghana (BoG) made payments worth $35,909,067.50 to Goldkey Properties Limited for the...
CIMG Customer Satisfaction Index: UMB and 4 other banks lead the way in Customer Service in Ghana
Only five banks scored above the threshold of 98% in the 2022 Chartered Institute of Marketing Ghana Customer Satisfaction Index.This marks a significant improvement...
We won’t be part of new DDEP – Pensioner Bondholders
Pensioner Bondholders have declared their intention not to be part of the government’s fresh Domestic Debt Exchange Programme (DDEP) for ESLA and Daakye Bondholders....
Govt announces fresh Debt Exchange for ESLA, Daakye bondholders
The government, through the Finance Ministry, has extended fresh invitations to E.S.L.A. Plc and Daakye Trust Plc bondholders to trade their holdings for a...
Aggrieved Menzgold customers appeal to Akufo-Addo for bailout
Aggrieved customers of Menzgold are appealing to President Akufo-Addo to intervene in retrieving their locked-up cash ahead of the criminal court proceedings against Nana...
Govt considers takeover of NIB by ADB
Government is considering moves for ADB to take over the National Investment Bank (NIB). Joy Business reports that this is part of measures to help...
BoG crisis: Dr Addison is incompetent, has lost the plot – Martin Kpebu
Private Legal practitioner Martin Kpebu, has thrown his support behind the Minority’s planned demonstration to demand the immediate resignation of Bank of Ghana (BoG)...
BoG to go after financial institutions that fail to address customers’ complaints
The Bank of Ghana (BoG) says it will go after financial institutions that fail to address all forms of complaints and reported irregularities by...
Economist proposes independent probe into BoG’s losses
A professor of Economics at the University of Ghana, Godfred Bokpin, has called for an independent body to examine and investigate the GH₵60 billion...
What to know about new BoG Head Office [Full details]
The Bank of Ghana has defended its decision to move from its current location in the Central Business District of Accra to Ridge, citing...
5-year performance of GCB equity on the Ghana Stock Exchange
Investing in shares or stock or equity should be done with a long term view, this is because historically, the stock market outperforms all...
It’s not just an ordinary building – BoG Governor justifies $250 office project
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has justified the construction of a new office building for the bank reportedly...
GH¢60 billion loss will not negatively impact BoG’s operations – Governor
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has assured that the bank’s operations will not be negatively affected as a...
IMF clarifies Bank of Ghana’s GH¢60 billion loss
The International Monetary Fund (IMF) has addressed the concerns surrounding the Bank of Ghana's (BoG) GH¢60 billion loss incurred during the 2022 fiscal year,...
Our current building not fit for purpose – BoG justifies $250m new project
The Bank of Ghana (BoG) has disputed assertions by the National Democratic Congress (NDC) that the construction of its new $250 million headquarters is...
NPP would’ve equally called for BoG Governor’s head – Minister
A Deputy Minister of Trades and Industry, Dr Stephen Amoah, says the Minority’s demand of the Central Bank’s Governor to resign in 21 days...
BoG replies NDC on bankruptcy claims
The Bank of Ghana (BoG) has said it cannot be insolvent or bankrupt, as claimed by the National Democratic Congress (NDC).This comes barely 24...
Economist backs NDC’s call for resignation of BoG governor
Economist and lecturer at the University of Ghana Business School (UGBS), Professor Godfred Bokpin, has assented to the National Democratic Congress' (NDC) call for...
BoG can’t take shelter from issues of other central banks – Economist
Professor John Gatsi, the Dean of the Business School at the University of Cape Coast (UCC), has criticized the Bank of Ghana (BoG), stating...
Huge losses under debt exchange have significantly weakened banking sector’s capitalisation – Fitch
Rating agency, Fitch, has warned that the large losses imposed on bondholders under the Domestic Debt Exchange Programme (DDEP) have significantly weakened the banking...
FXKudi partners MoMAG to promote financial inclusion in informal sector
FXKudi has partnered with the Mobile Money Advocacy Group, Ghana (MoMAG) to promote financial inclusion in the informal sector.According to the Head of Sales...
Standard Chartered posts strong income growth in 2022
Standard Chartered Bank Ghana PLC has held its 53rd Annual General Meeting to present the Annual Report and Financial Statements for the year ended...
NAM1 makes 36th court appearance amidst heavy police presence
Embattled Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah (NAM1), has made his 36th appearance in court without trial as his...
Most banks have purchased ‘bulletproof’ bullion vans – BoG Governor
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has confirmed that the majority of banks in the country have complied with...
Beige Bank case: Gifty Afenyi Dadzie was untruthful to the police investigators – Lawyers
Defence lawyers in the case in which the founder of defunct Beige Bank is standing trial have told the High Court in Accra that...
Beige Bank trial: Investigator gives interesting twist
It has emerged at the Financial and Economic Division of the High Court in Accra that the Investigator in the case in which the...
Ghana’s economy will get worse before getting better – Fitch Solutions
Fitch Solutions has reaffirmed its position that economic activities in Ghana will get worse before getting better in 2023.This is coming despite the expansion...
Cedi to remain fairly stable this week
The cedi is expected to remain relatively stable on the forex market this week.Analysts believe a positive Mid-Year Budget Review this month and a...
NAM1 grateful for customers’ faith, promises to pay Menzgold investors soon
Nana Appiah Mensah, the former CEO of Menzgold, has reached out to his distressed customers, urging them to exercise patience as he works towards...
BoG blamed for financial sector mess
A perception research conducted by think tank, Institute for Liberty And Policy Innovation (ILAPI), has blamed the Bank of Ghana (BoG) for the collapse...
Fidelity Bank reacts to BoG’s forex licence suspension
Fidelity Bank has said the 30-day suspension of its forex licence by the Bank of Ghana (BoG) will not in any way affect normal...
BoG suspends forex licences of Fidelity Bank, First National Bank
The Bank of Ghana (BoG) has suspended the forex licences of Fidelity Bank and First National Bank Limited.The suspension takes effect from Thursday, June...