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Dr-ernest-addison-2
We will remain vigilant in our oversight operations of all financial institutions – Governor
IMF, World Bank should better align their support for Lower Income Countries – BoG Governor
We will continue to implement policies to boost foreign reserves; reserves estimated at $6.2bn – Governor
We expect cedi to remain relatively stable against dollar going forward – Governor
More than half of 23 banks fully recapitalized – BoG
BoG announces another increase in banks cash reserve ratio
BoG maintains policy rate at 29%; cost of borrowing will remain relatively unchanged
Africa’s future lies in leveraging digital technologies – Governor
Idris Elba calls on Dr. Addison to discuss collaboration to support creative arts industry
Monetary Policy Committee cuts policy rate to 29.0%
We expect early recapitalization to promote banking sector resilience – Governor
We are on course to bring down inflation drastically – Governor
“We need to manage a tight fiscal consolidation” in an election year – Dr. Addison cautions
We recorded zero BoG financing from 2017 to 2019 and 2021 until Covid-19 set in – Governor
We have invested heavily in technology to correct bank weaknesses
Evidence is clear economy is responding to policies by BoG – Governor
Insights from BoG Governor: Unpacking pre-covid stability and post-covid crisis
Banks capital quality boosted due to implementation of Basel Capital Standards – Governor
Banking sector shows stability; banks record ¢7.10bn profit as of October 2023 – Governor
Domestic Gold Purchase Programme: BoG has purchased $1.14bn worth of gold – Governor
Ghana Financial Stability Fund has taken off – Governor
BoG’s losses in 2022 were necessary to save Ghana’s economy – Dr. Addison
BoG to close down some distressed NBFIs
IMF cash, cocoa loan to arrive before end of 2023 – BoG Governor assures
MPC keeps policy rate at 30%
Banking thrives on trust; Misconduct by players erodes confidence – Governor
Economic situation worse today than last year – Minority replies Ofori-Atta, BoG Governor
OccupyBoG protest: Addison’s comments will not sway us – Arise Ghana
Addison’s response to tax payers, demonstrators unprecedented – Prof. Gyampo
BoG has done no wrong, deal with Finance Ministry – Nana Otuo Acheampong to Minority
#OccupyBoG protest: Ernest Addison is a coward, he’ll delegate someone to receive petition – Sam George
We expect banks to rebuild capital buffers quickly – BoG
BoG commences development of framework to assess sustainability of banks – Governor
BoG saves $2bn as a result of external debt suspension programme
BoG purchases gold worth $700m in reserves as part of ‘Gold Purchasing Programme’
No need to attack leadership of BoG; Governor Addison is competent – Ofori-Atta
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