Bank of Ghana to open $250 million headquarters in Accra, “The Bank Square,” on Nov. 20, despite criticism over its recent financial losses
Bank of Ghana
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The Bank of Ghana suspends Consolidated Bank’s forex trading license for one month over regulatory breaches, demanding full compliance before restoration.
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Ghana’s inflation unexpectedly slowed to 40.1 percent in August, sparking optimism for a potential interest rate cut. However, the Bank of Ghana must tread carefully to avoid premature moves that could reignite inflationary pressures, especially amid global uncertainties and ongoing economic vulnerabilities. Stability should remain the top priority to ensure long-term recovery.
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The Bank of Ghana responds to MP Samuel Okudzeto Ablakwa’s claims about a $20 million transfer, clarifying that the funds were meant for the Central Bank of Liberia. The bank emphasizes a longstanding arrangement with Liberia and assures that all proper protocols were followed.
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The Bank of Ghana imposes a three-year ban on 292 individuals and businesses for issuing dud cheques, emphasizing legal and regulatory consequences.
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Bank of Ghana’s GH¢2.43 billion expenditure on Gold for Oil program aims to stabilize oil prices and reduce forex pressure.
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The Bank of Ghana mandates full disclosure of all potential buyers in the Societe Generale Ghana share sale, ensuring transparency and accountability in the process.
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The Locked-up Investment Holders Forum (LIHF) in Ghana staged a protest on Wednesday, urging the Bank of Ghana (BoG) to address their concerns about inaccessible investments. The demonstration reflects the ongoing struggles of Ghanaians who have lost access to funds due to financial institution failures.
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A cloud of suspicion hangs over Nana Appiah Mensah, better known as NAM1, as a Ghanaian court hears a complex fraud case. The charismatic CEO of the now-defunct Menzgold Ghana Limited stands accused of duping customers out of millions of dollars.
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Ghanaian entrepreneur Kofi Arkaah accuses Bank of Ghana of plagiarism, prompting scrutiny of central bank policies. Allegations raise questions about intellectual property rights in monetary policymaking.