Home / BoG

BoG

Tighten security on money laundering – BoG to banks – Starr Fm

The Bank of Ghana (BoG) has warned financial institutions in the country to tighten their security system to check money laundering activities. The Central Bank’s warning comes on the back of global money laundering developments in recent times. According to the Head of Banking Supervision at the Central Bank, …

Read More »

BoG orders banks to align interest rate with policy rate – Starr Fm

The Bank of Ghana (BoG) has ordered commercial banks in the country to reduce their interest rates in tandem with the recent reduction of the policy rate. The Monetary Policy Committee of the Central bank in May announced the reduction of the policy rate from 23.5% to 22.5%. It …

Read More »

BoG in no rush to announce new capital requirement – Governor – Starr Fm

Governor of the Bank of Ghana, Dr. Ernest Addison, has said that the central bank is in no rush to announce the widely anticipated new minimum capital requirement for commercial banks operating in the country. The governor, addressing his maiden Monetary Policy Committee (MPC) press conference last Monday said …

Read More »

Ghana’s debt hit GHc129.5bn – BoG – Starr Fm

Ghana’s public debt has reached GHc129.5 billion according to Bank of Ghana’s Summary of Economic and Financial Data issued Friday May 19, 2017. This represents 63.7 percent of GDP. The current figure is 7 billion higher than the 122 billion recorded at the end of 2016. Per the data, …

Read More »

BoG limits CEOs tenure to 15 years – Starr Fm

The Bank of Ghana (BoG) is to implement new corporate governance guidelines for the banking sector next month, as it seeks to ensure that proper corporate governance practices are entrenched. The new guidelines will see the capping of the tenure of CEOs at a maximum of three 5-year terms. …

Read More »

I won’t disappoint you – New BoG Boss tells Akufo-Addo – Starr Fm

The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Monday, April 3, 2017, swore in Dr. Ernest Kwamina Yedu Addison as the new Governor of the Bank of Ghana, after consultation with the Council of State. At a brief ceremony at the Presidency, which had the Vice President …

Read More »

Akufo-Addo appoints Addison BoG Governor – Starr Fm

President Akufo-Addo has appointed a lead regional economist of the African Development Bank Dr. Ernest Addison as the new Governor of the Bank of Ghana. His appointment follows the resignation of Dr. Abdul-Nashiru Issahaku on Wednesday on “personal grounds.” According to a communication from the Presidency, a letter has …

Read More »

Govt interference in BoG “unhealthy” – IFS – Starr Fm

The Executive Director of the Institute of Fiscal Studies (IFS), Prof. Newman Kusi, has called for an immediate end to political interference in the running of the Central Bank. “Changing of governors of the Central Bank as and when there is a new government is not healthy,” he said. …

Read More »

Keli Gadzekpo, Ernest Addison in race for BoG job – Starr Fm

A co-founder of investment bank Databank, Keli Gadzekpo, and brother of popular lawyer Philip Addison, Dr.  Ernest Addison, are in contention for the now vacant position of the governor of the Central Bank. According to StarrFMonline.com sources, there is a seeming split of support at the presidency for both …

Read More »