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Dr-ernest-addison-2
Akufo-Addo applauds BoG Governor, his two deputies for prudent economic management
New BoG head office will reduce cost of operations – Dr. Addison
BoG Governor urges IMF to continue leading in debt restructuring and relief efforts for heavily indebted countries
We have enough dollar reserves to deal with Christmas festivities pressures – Dr. Addison
GIRSAL gives 17 financial institutions GH¢1.18bn loans – Governor
Recent data shows the economy is recovering – BoG
Cross border interoperability: Governor calls for effective collaboration between regulators, financial institutions, others
“I urge those engaging in unnecessary currency speculation to reconsider, there’ll be market correction” – Governor
BoG permits banks with stronger capital positions to pay interim dividend
We remain fully committed to our supervisory role to foster trust and confidence – BoG
You will regret your actions soon; BoG Governor to currency speculators
MPC keeps policy rate at 29 percent
BoG Governor appointed chairman of COCOBOD Educational Trust Fund
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
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