7 d. ago We won’t allow $10m to walk out in cash – BoG Governor Asiama

Bank of Ghana (BoG) Governor, Dr. Johnson Asiama, has warned that the central bank will not allow huge sums of dollars to be withdrawn in cash from the system.

Economics

1 week ago BoG directs mining firms to redirect FX inflows to commercial banks

The Bank of Ghana (BoG) has directed mining firms to channel their foreign exchange inflows through commercial banks, rather than directly to the central bank.

Politics

2 w. ago An analysis of the Bank of Ghana’s directive on large foreign exchange cash withdrawals

The recent directive by the Bank of Ghana (BoG) restricting the withdrawal of large sums of foreign exchange (forex) cash from commercial banks is a timely and strategic measure aimed at safeguarding Ghana’s financial stability. The decision comes against the backdrop of increased pressure on the cedi, volatility in the forex market, and concerns over […]

Politics

2 w. ago BOG Introduces New Guidelines For Foreign Currency Withdrawals

News Ghana, Latest Updates and Breaking News of Ghana, Benjamin Makafui Attipoe, https://www.newsghana.com.gh/bog-introduces-new-guidelines-for-foreign-currency-withdrawals/BoG directs Banks to discontinue payment of FCY cash to large corporations that do not have supporting equivalent prior cash deposits. The Bank of Ghana (BoG) has observed with concern the growing practice of foreign currency (FCY) cash withdrawals by Large corporations that are not directly funded by prior FCY cash deposits. The BoG noted […] News Ghana, Latest Updates and Breaking News of Ghana, Benjamin Makafui Attipoe, https://www.newsghana.com.gh/bog-introduces-new-guidelines-for-foreign-currency-withdrawals/

Politics

2 w. ago APL slams BoG directive on forex payments to large corporates as “draconian and regressive”

The African Policy Lens, (APL) has urged the Bank of Ghana to withdraw its directive for suspension of foreign currency cash payments to large corporates.

Politics

2 w. ago Ghana Central Bank Tightens Rules on Foreign Currency Cash withdrawals

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-tightens-rules-on-foreign-currency-cash-withdrawals/The Bank of Ghana has instructed commercial banks to stop paying foreign currency cash to large companies unless those firms have already deposited equivalent foreign funds. This move targets corporations in key sectors like petroleum, mining, and other essential industries. According to the central bank, some large businesses were withdrawing foreign cash without backing deposits, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-tightens-rules-on-foreign-currency-cash-withdrawals/

Politics

3 w. ago Rate Cut Alone Won’t Drive Ghana’s Growth, Warns IMANI Think Tank

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/rate-cut-alone-wont-drive-ghanas-growth-warns-imani-think-tank/Ghana’s recent central bank rate cut offers limited economic relief without addressing deeper structural challenges, policy think tank IMANI Africa cautioned in a new analysis. While welcoming the Bank of Ghana’s 25 basis point reduction, IMANI stressed that five critical factors will shape the country’s economic trajectory through late 2025. Monetary policy easing means little […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/rate-cut-alone-wont-drive-ghanas-growth-warns-imani-think-tank/

Events