Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, concluded her visit to Ghana on Monday, 18th March, 2024, following two days of productive engagements. Dr. Ernest Addison, Governor of the Bank of Ghana, bid farewell to the IMF MD, alongside the First and Second Deputy Governors of the bank and the IMF […] The post IMF MD departs
The Governor of the Bank of Ghana, Dr. Ernest Addison, has underscored the need for banks to remain committed to their critical role of bridging trade financing in both the primary and secondary markets. According to the governor, this will help strengthen the country’s financial systems. Speaking at the Ghana International Bank cocktail event to […] The post BoG
Prof Kyei (middle) with Dr. Emmanuel K. Ireland, Chairman of the Community Practice Pharmacists Association (right), and Ebenezer Bediako, a director, ECL (left) with the new product Ghana’s leading Read More... The post Ernest Chemists Launches Prostenal For Men
The Ministry of National Security has strongly denied arresting controversial social media commentator Albert Nat Hyde, popularly known as Bongo Ideas. Reports purportedly suggested that Bongo Ideas was arrested on Thursday, March 14, 2024, in his house in Accra by the police and operatives of the National Security. But the Ministry of National Security in […] The post National
A former Deputy Managing Director of the National Investment Bank (NIB) and member of the governing New Patriotic Party (NPP), Alfred Thompson, has described Osei Kyei-Mensah-Bonsu’s resignation as Majority Leader as bold and commendable for party unity. Kyei-Mensah-Bonsu formally announced his resignation as Majority Leader in Parliament on Friday, February 23, after previously notifying the […] The post Kyei-Mensah-Bonsu’s
Reverend Father Ernest Obeng of Saint Paul’s Anglican Parish of Akuapem–Mampong, in the Akuapem North municipality of Estern region has attributed low esteem, lack of confidence and lack of sense of responsibility among many children in Ghana to violence. According to the Akuapem-Mampong Parish Priest, who doubles as the Chief Executive Officer (CEO) for Addo […] The post ‘Violence is a
The Ghana Baptist Convention (GBC) has inducted Reverend Washington Komla Darke as the new Senior Pastor of the Calvary Baptist Church in Accra.Rev. Darke replaces Rev. Dr. Fred P. Deegbe, the immediate past Senior Pastor of the Mega Church. Rev. Darke originally took office in 2023 as the Senior Pastor Elect of the Calvary Baptist […] The post Calvary Baptist Church, Accra gets new senior pastor
Reverend Stephen Yaw Osei, Chief Director of the Ministry of Works and Housing says Consultants for the Saglemi Housing Project, Architectural & Engineering Services Limited (AESL) did not perform their duty to ensure that the country had value for money. Per his account before Justice Dr Ernest Owusu, a Court of Appeal judge, with an […] The post Saglemi project Consultant did not
The Ghana Police Service (GPS) has arrested forty-six more persons in connection with attacks on the Bepong Chiefs palace and some Police officers at Kwahu Bepong in the Eastern Region. The Police Service had earlier arrested 25 persons in connection with the attack. The arrests bring the total number of suspects so far arrested to […] The post Police
Headline inflation is expected to ease between13% to 17% by the end of 2024, according to the Bank of Ghana (BoG). The Central Bank says the expectation was as a result of inflation declining sharply by more than 30% in the course of 2023. It is also expected to trend back gradually to within the […] The post 2024 expected to end with at least 13% inflation -BoG appeared first on The
Bank of Ghana Governor Dr. Ernest Addison has said there is no better time than now for Africa to revisit the issue of scaling-up interoperability, in a bid to deepen financial inclusion and intra-Africa trade. He said the high prevalence of mobile devices, mobile money penetration and increased Internet connectivity offer an opportune window to […] The post
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking at a press briefing […] The post Policy rate cut to 29% on back of retreating
Dr. Ernest Addison, BOG Governor The Human Right Division, Accra High Court, has dismissed an application filed by Dr. Papa Kwesi Nduom, GN Saving and Loans Company and others for Read More... The post ‘Central Bank Revoked GN Bank Licence Legally’ appeared
Before Alhaji Collins Dauda and Dr. Kwaku Agyeman-Mensah were respectively appointed as Minister for Works and Housing, an amount of US$80 million had already been invested into the Saglemi housing project. Mr Godwin Edudzi Tamakloe, Counsel for Agyeman-Mansah, told an Accra High Court, presided over by Justice Ernest Owusu-Dapaa, on Tuesday. He said the amount […] The post Collins,
The Bank of Ghana (BoG) is prepared to continue the necessary structural reforms to revive the country’s shaky economy. It emphasizes the importance of vigilance and commitment in realigning the country’s economic situation. Following the approval of the second $600 million tranche from the International Monetary Fund (IMF), Dr. Ernest Addison, Governor of the Bank […] The post We’ll
Arsenal star, Thomas Partey will not be at the 2023 Africa Cup of Nations together with other key personalities. In the official squad announced on Monday, January 1, 2024, Thomas Partey, Abdul Fatawu Issahaku and Abdul Baba Rahman are the key players who have not been named in the team for the Africa Cup of […] The post 2023 AFCON: Chris Hughton names 27-man squad
The Ghana Navy and the Narcotics Control Commission (NACOC), in collaboration with the Ghana Police, have arrested six persons over alleged narcotics. The operation conducted by the Ada Foah Detachment of the Ghana Navy Riverine Command, along with the Ghana Police also led to the seizure of 81 sacks of suspected marijuana. The team discovered […] The post Six
In a heart-warming gesture of compassion and commitment to healthcare, We Care Foundation, a Non-Governmental Organisation (NGO), has made a generous donation to babies in the Neonatal Intensive Care Unit (NICU) at the Greater Accra Regional Hospital. The contribution aims to support the wellbeing of three children in need of medical care and attention. We […] The post WE CARE Foundation Donates To
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