Use of electronic payment channels sees 81% growth in 2020 1st quarter – GhIPSS
The volume of transactions done electronically through the Ghana Interbank Payment and Settlement Systems (GhIPSS) platform has increased by 81 ...
Tag: BoG
Banks to readjust interest rates to reflect drop in policy rate
Some commercial banks operating in the country say they are yet to finalize processes to determine the level of readjustment ...
Banks and other financial institutions will remain opened during partial lock-down – BoG
The Bank of Ghana has clarified that all banks and financial institutions will remain opened to the public during the ...
Banks’ deposits grow by 22% to reach GH¢83.46bn
Total deposits of banks increased by 22% as at the end of 2019; according to the latest banking industry report ...
Banks’ fees on retail loans hit 7.75% aside from interest charge – BoG survey
A survey by the Bank of Ghana has shown that for the last quarter of 2019, a retail loan could ...
Payment for customers of collapsed Microfinance and S&Ls delays again
Checks by Citi Business News at a number of Consolidated Bank Ghana branches on Monday, February 24, 2020, did not ...
Customers of collapsed Fund Managers accuse gov’t of neglecting them
Customers of defunct fund management companies have expressed worry about government’s seeming lack of concern in the recovery of their ...
FX forward sale: BoG accepts $40 million in bids for February auction
The Bank of Ghana accepted forty million dollars’ worth of bids in its latest auction of forex, which is the ...
T-bills, bonds dominate income sources of banks – BoG report
It is emerging that banks are still accruing a large percentage of their income from their investments in various securities. ...
BoG urges retail outlets to accept new GHC100, GHS200 notes after a shop rejected it
The Bank of Ghana has encouraged the general public particularly retail outlets, to accept the new GHS 100 and GHS ...
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