BoG absorbs GH¢17.2bn in liquidity amid inflation fight, FX stability

BoG absorbs GH¢17.2bn in liquidity amid inflation fight, FX stability

The Bank of Ghana absorbed GH¢17.24 billion from the banking system through a sale of 14-day bills, signalling its determination to keep liquidity conditions tight as policymakers seek to consolidate gains in inflation and currency stability. The operation, one of the central bank’s largest recent liquidity-management exercises, comes as authorities balance inflation pressures with the need to prevent excess cash from fuelling foreign-exchange demand and renewed price pressures. Per […]

June 10, 2026 11

Featured

Minority reschedules #OccupyBoGdemo to August 13; informs police

The Minority in Parliament has rescheduled its second protest demanding the removal of the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, and his two deputies. Originally planned for July 30, the protest will now take place on August 13. In a letter to the police dated Tuesday, July 23, the Minority explained that the rescheduling is due to the upcoming launch of the National Democratic Congress' (NDC) […]

July 23, 2024 38

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GN Bank to revive operations as CEO Dr. Nduom seeks to retrieve banking license

Groupe Ndoum(GN) has initiated steps to recover its banking license in a bid to revive operations across the country. At a gathering addressed by Dr. Paa Kwesi Nduom, Chief Executive Officer for the Bank, at the former branches of the defunct bank in Brewa and Agona, all in the Central Region, he assured the residents that the bank would reopen operations soon. “I am here to assure you all that […]

May 27, 2024 67

News

NAM1 CASE: Court overrules Prosecution Witness’s objection of some exhibits in Court

The High Court in Accra has overruled an objection raised by Lawyer for CEO of Defunct Menzgold, Nana Appiah Mensah, popularly known as NAM1, over the tendering of some exhibits by DSP Charles Nyarko, a prosecution witness. The said exhibits include documents from the Bank of Ghana and the Securities and Exchange Commission. The lawyer, Kwame Akuffo, contended that the said exhibits did not have any documentary evidence to the […]

March 8, 2024 45

Featured

Cedi jumps to sell at GH¢12.95 to $1, GH¢12.39 on BoG interbank as of February 26

The Interbank forex rates from the Bank of Ghana today, February 26, 2024, have shown that the Ghana Cedi is trading against the dollar at a buying price of 12.3815 and a selling price of 12.3939. At a Forex bureau in Accra, the dollar is being bought at a rate of 12.65 and sold at 12.95. Against the Pound Sterling, the Cedi is trading at a buying price of 15.6973 […]

February 26, 2024 47