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Tag Archives: BoG

Bank of Ghana records GHS793m loss in 2018

The Bank of Ghana (BoG) last year recorded a loss of GHS793 million resulting from its operations, the bank’s 2018 Annual Report, has shown. The figure represents a more than 50 percent drop from the GHS1.6 billion the bank made in 2017 when the troubles from the banking sector were …

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Bank of Ghana engages banks over high NPLs

The Bank of Ghana is reportedly engaging banks in the country to help improve their risk management frameworks while the loan loss write-off policy continues. The move forms part of efforts to help make effective the transmission channel of the Central Bank’s Monetary Policy from the Non-Performing Loans (NPLs) angle. …

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Ghana to recruit more banks to market its domestic bonds

Ghana will recruit more banks to market its domestic bonds as the West African nation seeks to boost demand and lower borrowing costs. Currently, five financial institutions, known as book runners, arrange and price the country’s medium-term domestic debt. That will be expanded to a new structure known as the …

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IMF’s directives caused cedi fall – Bawumia

Vice President Dr Mahamudu Bawumia has attributed the recent depreciation of the Ghana cedi to directives from the International Monetary Fund (IMF) to the Bank of Ghana (BoG). According to him, at the end of January 2019 as part of the seven prior actions to get to the IMF board and …

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Deposit levels in banks rising – BoG

The Bank of Ghana has revealed the deposits levels in banks are on the rise as a result of reforms put in place to clean up the financial sector. The Bank of Ghana in a bid to sanitise the country’s banking sector has reduced the number of banks in the …

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