BoG Archives - APMediaGH

September 28, 2024September 27, 2024

BoG Launches Gold Coin To Discourage Hoarding Of Dollars

The Bank of Ghana (BoG) has unveiled the Ghana Gold Coin, a new investment initiative aimed at reducing dollar hoarding. As part of the domestic gold programme, this initiative seeks to absorb excess liquidity in the market and strengthen the local

August 7, 2024August 7, 2024

BoG Sanctions 47 Individuals, 245 Business Entities For Issuing Dud Cheques

The Bank of Ghana has sanctioned 47 individuals and 245 business entities for continuous issuance of dud cheques. The Central Bank notes that the affected bank customers issued dud cheques on at least three occasions between January 2022 and January 2024,

July 27, 2024July 27, 2024

We Didn’t Incur Losses Because Of New Head Office Project – BoG

The Bank of Ghana (BoG) has defended its decision to continue building a new head office despite posting a significant loss of 10.50 billion cedis in 2023. The Central Bank despite the losses paid $82 million to contractors for the project

February 28, 2024February 28, 2024

BoG Revises Balance, Transaction Limits Of Mobile Money Wallets Upwards, Starting March 1

The Bank of Ghana (BoG) has revised the balance and transaction limits of customers' mobile money wallets upward, effective March 1, 2024. A statement from the Ghana Chamber of Telecommunications pointed out that the development is in line with increasing trends

November 9, 2023November 9, 2023

FIC, BoG To Strengthen AML/CFT Measures

The Financial Intelligence Centre (FIC) and Bank of Ghana (BoG), in collaboration with fintech industry players, are aiming to introduce a locally-based sanction list in an effort to fortify the financial technology (fintech) landscape and curb financial crime. The initiative aims