Bank of Ghana to be awarded Central bank of the year
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Bank of Ghana to be awarded Central bank of the year

- Bank of Ghana to be awarded as the Central Bank of the Year at this 2020's Central Banking Awards

- The awards will be held on March 19, 2020, in Brussels, Belgium

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The Bank of Ghana to be awarded as the Central Bank of the Year at this year's Central Banking Awards to be held on March 19, 2020, in Brussels, Belgium.

This feat was achieved following measures it pursued in a bid to ensure a strong financial sector through a raft of reforms implemented over the past two years.

According to a report filed by Citi Newsroom, the central bank has an impressive record of achievement, but the most notable is its reform of a seriously undercapitalized and poorly managed banking sector.

READ ALSO: Corruption Perception Index: Ghana named as one of Africa’s corrupt countries in 2019

“The central bank has dealt with this complex set of risks, which could have caused serious damage to the country’s economy,” the Central Banking Awards said in a post on its website.

According to the report, aside the reforms in the banking sector, the bank's performance in other fields has also been impressive to some outside observers.

It noted that Dr. Addison’s predecessors faced the problem that the previous Ghanaian government had been resorting to monetary financing while adding that the international donors helped to push the government away from this device.

READ ALSO: Government did not lose any money; why investigate - Stan Dogbe to Akufo-Addo

In other news, GCB Bank, Ghana's leading bank in terms of capital and customers, has finally rolled out its G-Money Mobile Wallet with loads of freebies users.

Install our latest app for Android and read the best news about Ghana G-Money which came into operation on Thursday, January 30, 2020, is aimed at helping customers of the bank and non-customers to transact businesses with ease, pay bills and purchase airtime on their mobile phones.

Apart from making transactions easy for users, G-Money promises the best value for money in terms of transaction fees. Already, GCB has offered free usage of the G-Money platform for the months of February.

READ ALSO: Mills-Mahama never took bribe from Airbus - NDC

How convenient is it to use the new GHC 200 note at the market? | #Yencomgh

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Source: Yen Ghana

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