In a bid to fight cybercrime in the financial sector, it has become necessary to have cross-border cooperation that promotes information sharing, says Second Deputy Governor of the Bank of Ghana (BoG), Mrs. Elsie Addo Awadzi. Mrs. Awadzi was speaking at the Alliance for Financial Inclusion High-Level Joint Learning Programme on Inclusive FinTech Ecosystems and Cybersecurity. Sharing the BoG’s experience in implementing cybersecurity...
The Bank of Ghana (BoG) has cautioned the general public against the practice of “Money Doubling”, “Card Loading” and “Credit Card Loading Systems”. According to the central bank, these practices involving inviting members of the general public through traditional and social media outlets to deposit money with “Money Doubling”, “Card Loading” and “Credit Card Loading Systems” through various payment service...
The Bank of Ghana is calling for a regular debt management that include consistent access to domestic market with an eye on non-resident investors. According to the First Deputy Governor, Dr. Maxwell Opoku-Afari, there is the need to ensure regular access to the international capital market, the maintenance of a stable exchange rate and inflation, as well as sustained real...
A Banking consultant, Nana Otuo Acheampong, says the significant surge in the volume and value of mobile money transactions in the first 8 months of the year, should continue unabated in the last quarter of 2020. The volume and value of mobile money transactions from January to August of 2020, increased by 41 percent and 85 percent respectively, as against...
Mr Kojo Mattah, Managing Director of the Apex Bank of the Association of Rural Banks (ARB) has said despite the growth of rural banking through a rigorous sector clean-up, and an unexpected pandemic, business in the sector still picked up. He said management and boards of rural and community banks (RCBs) had been consistent in pursuing service innovation and digital...
