Ghana’s Gold Reserves Rise to 31.37 Tonnes in April 2025
The rise in reserves is part of a broader plan by the Bank of Ghana to diversify its asset holdings and reduce reliance on traditional foreign currencies.
Bank of Ghana
Pending BoG Endorsement, GCB Bank Declares GHS1 Dividend
GCB Bank PLC has approved a GHS1 per share dividend for the 2024 financial year, pending regulatory approval from the Bank of Ghana, marking a return to payouts after a two-year hiatus.
Bank of Ghana Disapprove Licensing MTN Ghana for Cross-Border Transactions
The Bank of Ghana (BoG) has dismissed reports suggesting that MTN Ghana has been granted a license to facilitate cross-border transactions with MTN Nigeria.
BoG Governor: Declining Treasury Bill Rates Could Make Cedi Weaker
Governor of the Bank of Ghana, Dr. Johnson Asiama, has warned that the continued decline in interest rates on government Treasury bills could threaten the stability of the cedi.
New BoG Governors Sworn in by President Mahama
He expressed confidence that Dr. Johnson Pandit Asiama, who has been sworn in as the new Governor of Bank of Ghana (BoG), would restore stability and rebuild trust in the economy.
CDM Demands That Mahama Cancel Asiama’s Nomination as Head of the BoG
The movement cites unresolved allegations related to Dr. Asiama’s role in Ghana’s financial sector crisis as a basis for its concerns about transparency and accountability
Cedi Appreciates Marginally, Forex Bureaus Selling at GH¢15.90 per Dollar
Checks by GhanaWeb Business on February 4, 2025, at 8:00 AM indicate that the cedi is trading at GH¢15.90 to the dollar, while the pound is trading at GH¢19.70 at some major forex bureaus across the country.Additionally, the euro is trading at GH¢16.50 on the retail market.
Ghana Cedi Decreases To GH¢15.90 To 1 Dollar At Forex Bureaus
The Central Bank, in its daily update, noted that the cedi is trading at a buying price of GH₵15.24 and selling at GH₵15.25.
BoG: Monetary Policy Rate Remains Unaffected At 27% After First Meeting Of 2025
Governor of the Bank of Ghana, Dr. Ernest Addison, explained that the central bank’s latest inflation forecast indicated a steady decline, with a return to the disinflation path over an extended time horizon to achieve the medium-term target of 8 ± 2 percent.
Public Debt Falls to GH¢736 Billion in Ghana
This reduction represents a 3.3 percent decrease within a month and reflects efforts to stabilise the country’s fiscal outlook. The decline in the public debt stock has been attributed to adjustments in external and domestic debt levels during the period under review.