Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has asked the state security agencies to assist the bank in dealing with reports of cross-border illegal transfers. He says that although the Bank hears rumors of these illegal transfers, it is not taking the matter lightly. Dr Addison said these while answering a question […] The post Bank of Ghana prepared
By Joshua Worlasi AMLANU ([email protected]) The Monetary Policy Committee (MPC) of the Bank of Ghana has announced its decision to maintain the monetary policy rate at 29 percent, citing persisting upside risks to inflation. Dr. Ernest Addison, Governor of the central bank, disclosed the rationale behind the decision during the 117th MPC meeting’s press briefing […] The post
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […] The post Cedi continues
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has stated that Fiscal policy implementation so far has been broadly consistent with targets under the International Monetary Fund External Credit Facility (IMF ECF) supported programme. Although the primary fiscal balance (Total Revenue less Total Non-Interest Expenditure) target for 2023 was attained, he said, the […] The post Fiscal
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the Cedi was relatively stable in the first quarter of 2024 against the major trading currencies, especially the Dollar. He says they expect the stability to continue. Answering questions at the 117th Moneyray Policy Committee (MPC) press conference in Accra on Monday […] The post Cedis is relatively stable
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said that Nigeria is currently saddled with a crisis related to the challenges posed by its currency, the Naira. He said this is similar to what Ghana went through in 2022 when inflation kept rising, coupled with the rapid depreciation of the Cedi. Reuters […] The post Naira woes: Nigeria going through
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will be holding the 117th press conference today Monday, March 25. The MPC is expected to announce major policy decisions including whether or not the policy should reduce. The MPC is also expected to talk about the performance of the Cedi against the dollar […] The post Bank of Ghana to announce key decisions
Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
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
Minister of State designate at the Finance Ministry, Abena Osei-Asare has indicated that the government remains committed to ensuring there is no revenue spillage as the country heads to the December polls. According to her, state agencies particularly those at the port, must intensify collaborations to address any revenue leakages in a manner that does […] The post 2024
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
By Ebenezer Chike Adjei NJOKU [email protected] Ecobank has pledged to remain a frontrunner in responsible waste disposal and conversion by promoting waste as a valuable resource. The commitment forms part of the bank’s week-long celebration themed: ‘Promoting Sustainability Through Waste Transformation: The Ecobank Way,’ launched at its Head Office in Accra. Setting the tone, Managing […] The post
The Founder and General Overseer of the United Denominations of Action Chapel Churches Worldwide, Archbishop Nicholas Duncan-Williams, a renowned figure in the realm of faith and leadership, has stepped into a new spotlight as he makes a cameo appearance in the highly anticipated movie “Taste of Sin.” The film, which has garnered significant buzz for […] The post ‘Taste
Abena Osei-Asare, the minister of state-designate for the Finance Ministry, has raised significant concerns regarding issues plaguing Ghana’s energy sector. During her vetting by the Parliament’s Appointments Committee on March 13, 2024, Osei-Asare addressed the root causes behind the intermittent power supply, commonly referred to as ‘Dumsor’, highlighting human activities such as illegal meter connections […] The post Abena
Abena Osei-Asare, the minister of state-designate for the Finance Ministry, has highlighted the significance of the Planting for Food and Jobs (PFJ) initiative in stabilizing food prices in Ghana. During her vetting by Parliament’s Appointments Committee on Wednesday, March 13, 2024, she emphasized PFJ’s crucial contribution to Ghana’s aim for food self-sufficiency. She noted improvements […] The post Food
The Otumfuo Foundation, in partnership with Newmont Gold and Coral Reef hub, has commissioned an AI Laboratory for St Peters’ Prim/JHS at Wioso, in the Ahafo Ano South West District of the Ashanti region. The Smart Lab is expected to serve as the springboard for the youth to dive into the ever-changing world of technology, […] The post Otumfuo Foundation commissions Smart AI Laboratory
Albert Kwabena Dwumfour The President of the Ghana Journalists Association (GJA), Albert Kwabena Dwumfour, has been elected as a member of the Steering Committee of the Federation of African Read More... The post GJA President Elected FAJ Steering Committee
Participants present at the event The President of the Wisconsin International University College, Ghana, Professor Obeng Mireku, has called for adequate investment in the youth to address the barriers Read More... The post ‘Empower The Youth To Safeguard Democracy’
In light of recent allegations of poisoning circulating within the New Patriotic Party (NPP), the flagbearer of the ruling party and Vice President of Ghana, Dr. Mahamudu Bawumia, remains Read More... The post Bawumia, Kennedy Agyapong Dine At
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