The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has revealed that the central bank is projecting inflation rate to reach single digit by the first quarter of 2026. He pointed out that the forecast will depend on the economic programmes and policies that will be implemented inContinue Reading
The Bank of Ghana Governor, Dr. Ernest Addison, has maintained that the Ghana cedi’s stability in 2025 will largely depend on the economy and some monetary policy measures under implementation by the Central Bank. “The Domestic Gold Purchase Programme has been one of the major factors that has contributed toContinue Reading
Governor of the Bank of Ghana (BoG), Dr. Ernest Yedu Addison, has highlighted the need for legislative reforms to address the longstanding issue of government borrowing from the central bank. In an interview on Joy News on January 2, he called for changes to the Bank of Ghana Act that would requireContinue Reading
Governor of the Bank of Ghana (BoG), Dr Ernest Yedu Addison, has firmly dismissed claims linking the central bank’s independence to the government’s debt exchange programme. Speaking on Joy News on January 2, he clarified that the debt exchange program was a direct response to a severe national crisis and hadContinue Reading
Governor of the Bank of Ghana (BoG), Dr Ernest Yedu Addison, has firmly dismissed claims that the central bank lacks independence from the government. Speaking on Joy News on January 2, he highlighted the bank’s track record over the last eight years, stressing that the institution has consistently operated independentlyContinue Reading
Governor of the Bank of Ghana (BoG), Dr Ernest Yedu Addison, highlighted the significance of the central bank’s internationally acclaimed banking sector cleanup. In an interview on Joy News on January 2, he stated that the recognition BoG received for its decisive actions was a testament to the importance of theContinue Reading
The Ghana cedi strengthened across the major currencies last week amid thin forex liquidity as yuletide demand appeared to have waned. The Bank of Ghana sold US$20 million to Bulk Oil Distributors at a forward rate of GH¢14.7690/$ compared to GH¢14.8133/$ in the previous auction, indicating slowing demand pressures. WithoutContinue Reading
The Governor of the Bank of Ghana, Dr. Ernest Addison and his two deputies, Dr Maxwell Opoku-Afari (First Deputy Governor) and Elsie Addo Awadz (Second Deputy Governor) were among award winners at the National Honours Ceremony yesterday December 30, 2024. Governor Ernest Addison received an Order of the Star ofContinue Reading
Introduction The Bank of Ghana’s announcement of selling gold coins through accredited institutions was received with great enthusiasm by the Ghanaian populace. The move was marketed as a bold step toward democratizing access to gold as an asset class and enabling ordinary Ghanaians to invest in a store of value.Continue Reading
The Bank of Ghana has issued the Large Exposures Directive for Banks, Savings and Loans, Finance Houses and Financial Holding Companies. The objectives of the directive are to limit the maximum loss that Regulated Financial Institutions (RFIs) can incur in the event of the sudden failure of a counterparty orContinue Reading