Banking and Finance
Gov’t Aims For Tax Revenue At 18% Of GDPWe Will Set Up Independent Value For Money Office To Check Wasteful Spending – Ato ForsonGov’t Aims For Tax Revenue At 18% Of GDP
The Finance Minister designate, Dr. Cassiel Ato Forson has disclosed that government will form an Independent Value for Money Office...
Government, Eurobond holders reach agreement in principle to restructure $13bn debt – Reuters
Ghana has reached an agreement in principle with its Eurobond holders for the restructuring of $13 billion worth of international...
BoG releases Q1 Forex Forward Auction Calendar for BDCs — $120m to be auctioned in six equal instalments
Bank of Ghana (BoG) has released the first quarter Forex Forward Auction calendar for the sale of United States dollars...
BoG to close down some distressed NBFIs
The Bank of Ghana will soon close down some Non- Bank Financial Institutions facing severe liquidity challenges. According to the...
BoG Pays Property Developer $36m During Ghana’s Worst Forex Crunch – Auditor-General’s Report Reveals
The Auditor-General in its 2022 report has revealed that Bank of Ghana (BoG) made payments worth $35,909,067.50 to Goldkey Properties...
Ghana retains 1st position as Africa’s highest borrower from IMF
Ghana retained its position in Africa as the most indebted country to the International Monetary Fund as the country’s loan...
2023 Ghana Banking Survey: Ecobank Ghana remains biggest bank in Ghana
Despite the effect of the Domestic Debt Exchange Programme on consumer confidence, Ecobank Ghana remained the biggest bank in Ghana...
Performance of banks in half-year looks promising, banking industry remains strong – Governor
The Governor of the Bank of Ghana, Dr. Ernest Addison, says the performance of banks during the first half of...
Huge losses under DDEP has significantly weakened banking sector’s capitalisation – Fitch
Rating agency, Fitch, has warned that the large losses imposed on bondholders under the Domestic Debt Exchange Programme (DDEP) has...
PwC 2023 Ghana Banking Survey: 92% of banks without government control say losses from DDEP was their biggest pain
The 2023 Ghana Banking Survey by auditing firm, PwC, has revealed that 92% of banks without government control or ownership...
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