The Bank of Ghana (BoG) has placed all recently recalled staff, whose appointments were earlier terminated, on an extended probation, sources have told JoyBusiness. Sources say the recall decision marks a significant shift from the Central Bank’s earlier plan to reinstate only a few based on operational needs and skill requirements. Instead, all affected persons […]
Legal practitioner and governance analyst, Martin Kpebu, has commended the Bank of Ghana (BoG) for reinstating nearly a hundred employees who were dismissed last week, describing the move as a commendable act of leadership and responsiveness to public sentiment. Speaking on Joy FM’s Super Morning Show on Friday, Mr Kpebu praised the Governor of the central bank, Dr […]
The Governor of the Bank of Ghana (BoG) Dr. Johnson Asiama has assured that the country has built the needed buffers to withstand external threats to the economy, particularly from the Iran Israel war in the Middle East. According to Dr. Asiama, “Ghana’s foreign reserve position, inflation trajectory, and fiscal adjustment efforts provide a solid […]
The Bank of Ghana (BoG) has cautioned the public against engaging with two digital financial service providers — YellowPay and HanyPay — for operating without the necessary licenses and regulatory approvals in Ghana. In a public notice dated June 10, 2025, the central bank flagged YellowPay, a product of Yellow Card Financial Inc., for promoting itself […]
The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni, says the recent rally of the cedi is not due to artificial support by the central bank, but rather a result of strong, non-debt-creating reserves. He said the central bank has found a strategic way of meeting market demand without drawing down […]
The Group Head of Retail Banking at Access Bank (Ghana) PLC, Matilda Asante-Asiedu, has been appointed as the second deputy Governor at the Bank of Ghana (BoG). Her appointment is in accordance with Section 17 of the Bank of Ghana Act, 2002 (Act 612) as amended. The Minister of State in charge of Government Communications […]
The Bank of Ghana has reported a sharp 33% increase in staff involvement in fraudulent activities across the banking and specialised deposit-taking sector for the year 2024. According to its latest annual fraud report, 365 employees were implicated in various acts of financial misconduct—up from 274 recorded in 2023. The report, which covers banks and […]
The Bank of Ghana, in collaboration with the Ministry of Finance, has released a revised list of institutions authorised to operate as Primary Dealers (PDs) and Bond Market Specialists (BMS) in the country’s financial markets. According to a notice issued on April 14, 2025, and signed by Sandra Thompson (Ms), Secretary to the Bank of […]
The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has disclosed that the central bank is poised to begin regulating cryptocurrency platforms and virtual asset providers by the end of September 2025, marking a major policy shift in Ghana’s financial regulatory landscape. Speaking at the African Leaders and Partners Forum in Washington, D.C., […]
The discovery of official Bank of Ghana (BoG) cash boxes at the centre of a major counterfeiting operation in Sarpeiman, a suburb in the Ga West Municipality of the Greater Accra Region. has sparked significant alarm over possible regulatory failures and the robustness of Ghana’s financial security systems. The incident has drawn public attention to […]
The Ghana cedi lost 1.57% to the US dollar on the retail market last week despite the Bank of Ghana’s intervention of US$137.35 million. This took the year-to-date loss to 2.66%. It was the second week running that the local currency slipped against the American greenback after an impressive session. The announcement of the scrapping […]
Finance Minister Dr Cassiel Ato Forson has taken a firm stance against using taxpayer money to recapitalise the Bank of Ghana (BoG). This follows revelations that the central bank had signed a memorandum of understanding (MoU) with the previous administration to receive a ¢53 billion bailout. Speaking on Joy News’ PM Express on Tuesday, March 11, after […]
