The Bank of Ghana has stated that it is not in a rush to withdraw the raft of measures it introduced last year at the onset of the pandemic, as economic recovery remains fragile. Speaking at a financial literacy programme for journalists over the weekend, Dr. Maxwell Opoku-Afari, the first deputy governor of the bank, said the central bank was...
The Bank of Ghana (BoG) has given firm assurance that it will use all tools at its disposal to guard against the undue volatility of the Cedi. This is coming at a time the local currency has come under what can be described as sustained pressure over the past three weeks. The Central Bank noted that it’s unaware of these developments on the interbank...
The Bank of Ghana (BoG) has said its attention has been drawn to information circulating on social media to the effect that customers whose accounts are dormant should hurriedly reactivate their accounts or risk losing their funds to the Bank of Ghana. The regulator said that the recently published Directive on dormant accounts seeks to provide directions to...
The Bank of Ghana is ready to begin the pilot phase for the first digital currency known as the ‘e-cedi’ by September this year. Also known as the Central Bank Digital Currency, it is expected to operate in a sandbox in the interim before introducing to the general public as legal tender for financial transactions. First Deputy Governor of the Bank...
