Banking Consultant, Dr. Richmond Atuahene, is advocating for a comprehensive forensic audit covering the past five years to assess potential revenue losses from foreign remittances into Ghana.
The Bank of Ghana (BoG) has commenced an audit of remittance activities covering the fourth quarter of last year, from October 1 to December 31, 2024.
Investors tendered GHS 17.70 billion against a target of GHS 8.07 billion, with GHS 9.43 billion accepted.
Currently, the one-ounce coin is priced at GH₵46,671.17, up from GH₵45,020
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.
The Bank of Ghana (BoG) has revised its target for achieving single-digit inflation, now projecting the milestone to second quarter-2026, instead of the previously announced first quarter.
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.
