âWeâre not burning reserves to hold the cediâ â BoG Deputy Governor tells Joy News
The First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, says the central bank is not using up reserves to support the cedi. He insists the recent gains…
Cedi stability backed by organic, non-debt creating reserves â BoG First Deputy Governor
The recent appreciation of the Ghanaian cedi against major trading currencies is not the result of artificial support from the Bank of Ghana (BoG), but rather a reflection of robust,…
Ghana’s Cedi Achieves Record Appreciation Against Major Currencies
Accra – In a remarkable financial turnaround, Ghana’s cedi has emerged as one of the world’s best-performing currencies in 2025, recording significant gains against major global currencies. According to the…
Mahama Pledges Accountability Over Ghana’s Bank Collapses
Accra, Ghana â President John Dramani Mahama has issued a strong statement of intent, promising to sanction all individuals and entities found complicit in the collapse of Ghanaian banks during…
President Mahamaâs First 120 Days: Social Contract Only Partially Fulfilled
As President John Dramani Mahama wraps up his first four months in office following his re-election in the 2024 general elections, scrutiny is mounting over the status of his widely-promoted…
BoG is not injecting significant amount of dollars to support cediâs stability â Dr Johnson Asiama
Bank of Ghana (BoG) Governor Dr. Johnson Asiama has dismissed speculation that the central bank is pumping large volumes of dollars into the market to prop up the cedi. He…
Mahama assents to Bills abolishing e-levy, betting tax and others
President John Mahama has fulfilled a key campaign promise by assenting to a set of bills that abolish the betting tax, e-Levy, and emissions tax, among others. The signing, which…
Bank of Ghanaâs MPC begins crucial meeting to review Economic Outlook
The Bank of Ghanaâs Monetary Policy Committee (MPC) will commence its 123rd meeting today to assess economic conditions and implement measures to maintain financial stability. This three-day meeting, the first…
Policy directives shouldnât leave banks scrambling for clarity â GAB boss to BoG
The President of the Ghana Association of Banks (GAB), Kwamina Asomaning, has called for greater dialogue between the banking sector and the Bank of Ghana (BoG) to prevent policy missteps.…
BoG cautions: MTN MoMo not authorised for cross-border transfers to Nigeria
The Bank of Ghana (BoG) has clarified that MTN Ghana has not been granted a licence to facilitate cross-border transactions with MTN Nigeria. The Central Bank emphasised that MobileMoney Limited,…
National security operatives stole GHâ”10K, jewellery in raid at Ex-BoG Governorâs home â Minority alleges
The Minority in Parliament has accused National Security operatives of stealing money and pieces of jewellery during a raid on the home of former Bank of Ghana (BoG) Governor, Dr…
âNational security raids were carried out lawfully with proper warrantsâ â Srem Sai
Deputy Attorney General Dr Justice Srem Sai says the office of the Attorney General takes responsibility for the recent raid on the residence of the former Governor of the Bank…
Armed operatives storm former BoG Governorâs home at dawn, demand âvaultsâ and seize vehicles
A group of heavily armed men, suspected to be operatives from the National Security Secretariat, reportedly stormed the private residence of former Bank of Ghana (BoG) Governor, Dr. Ernest Addison.…
BoG Governor suspends Gold-for-Oil programme
The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has announced the suspension of the countryâs Gold-for-Oil programme due to unspecified policy and operational challenges. The decision marks…
Parliament summons BoG Governor on March 5 to address new HQ concerns
The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, is set to appear before Parliament on Wednesday, 5th March, 2025, to address concerns surrounding the construction of the…