Bank of Ghana
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"We won't lend money to government again": Bank of Ghana vows after losing GH¢60.8 billion
The Bank of Ghana has disclosed that it will no longer lend money to the government as part of a strictly zero financing policy, following huge losses in 2022.
BoG accused of illegally writing off GH¢48.4 billion gov't debt without parliamentary approval
The Bank of Ghana has been accused by the Minority in Parliament of perpetuating illegality by writing off government debts on the blindside of Parliament.
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BoG fights back: Says GH¢60bn loss not due to reckless spending, blames Ofori-Atta's DDEP
The Bank of Ghana (BoG) is fiercely fighting back against widespread accusations that the GH¢60 billion loss it recorded in 2022 was due to reckless policies.
Ofori-Atta strikes again: Minister announces ongoing plan to include GH¢29.2 bn pension funds in debt exchange
Finance minister Ken Ofori-Atta has disclosed to Parliament that there is an ongoing process to include pensions to the tune of GH¢29.2 billion in the DDEP
Bank of Ghana is broke: Minority slams central bank for losing GH¢60 billion
Minority caucus in Parliament slammed the Bank of Ghana for recording a significant loss in revenue due to the controversial Domestic Debt Exchange Programme.
BoG loses GH¢55.12b due to DDEP haircut, Dr Addison plans to restore equity by 2027
The Bank of Ghana (BoG) has disclosed that it lost GH¢55.12 billion in 2022 due to the haircuts that came with the Domestic Debt Exchange Programme (DDEP).
Auditor-General recovers GH¢11.52m in unearned salaries through disallowance
The Auditor-General, Johnson Akuamoah Asiedu, has so far recovered more than GH¢11.52 million in disallowed unearned salaries and allowances in just one year.
Ghana economy is healing: BoG ramps up its gold reserves by 7.7 tonnes in June 2023
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.
Cedi's woes resume: Falls by 11.21% and projected to reach GH¢15 to $1 by end of 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
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