Bank of Ghana
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has disclosed that some 7.7 tonnes of gold has been added to the central bank's reserves in June 2023.
The cedi has lost 11.21% to the dollar in the first half of 2023. Although the cedi performed better this year, it is projected to fall further by close of 2023
Bank of Ghana has punished two of Ghana's prominent banks, Fidelity Bank and First National Bank Ghana, for breaching the country's rules on forex trading.
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Ofori-Atta has said government's flagship social intervention programmes like the Free SHS won't be discontinued or altered under the $3 billion IMF programme
The audited financial statements released by some banks in Ghana show they posted losses due largely to government's domestic and foreign debt restructuring.
A report by the International Monetary Fund on the state of Ghana’s net international reserves paints a gloomy picture of the country’s economic situation.
Social media has gone haywire following the announcement by the Bank of Ghana to ban the use of cedi note used as money bouquets and hampers by the public.
The central bank of Ghana has banned the use of cedi notes as bouquets and hampers, which is popular among the public as gifts on birthdays and other occasions.
Bank of Ghana
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