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Tag Archives: BoG

New 1st Deputy Governor to shape monetary policy – Prof. Bokpin

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Ghana should be on the path of achieving a strong monetary policy regime which is also in line with internationally accepted practices. That is the assertion of Economist, Professor Godfred Bokpin following the appointment of Mr. Maxwell Opoku-Afari as the First Deputy Governor of the Bank of Ghana. According to him, Mr. Opoku Afari’s international exposure and experience, should culminate ...

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Maxwell Opoku-Afari appointed First Deputy Governor of BoG

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A Deputy Division Chief of the International Monetary Fund (IMF), Mr. Maxwell Opoku-Afari has been appointed as the new First Deputy Governor of the Bank of Ghana (BoG). Mr. Maxwell Opoku-Afari takes over from Mr. Milison Narh who announced his retirement on 31st July, 2017 during a courtesy call on the President Nana Addo Dankwa Akufo Addo. Prior to his ...

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Cedi stability drives mortgage rates down by 40%

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Businesses want government to sustain efforts geared at stabilizing the cedi to foster growth. Following what they say is the relative stability of the local currency, the businesses fear they will be worse off should the minimal gains be eroded. A cross section of businesses that Citi Business News has been engaging in a review of the performance of the ...

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GHL Bank starts operations in 2017 4th quarter – CEO

Dominic Adu - CEO, Ghana Home Loans

Ghana Home Loans has disclosed to Citi Business News it will start its banking services in the last quarter of 2017. To be known as GHL Bank, the entity is expected to intensify competition in the granting of mortgage loans. This is also expected to help bridge the housing deficit currently estimated at 1.7 million. The CEO of Ghana Home ...

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Banks to be repaid from $ 2.4bn energy bond by end of August

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Banks that are exposed to the energy sector debt should be receiving their due from the proceeds of the bond by the middle of this month [August]. It will follow the issuance of the 15 year energy bond to clear the 2.4 billion dollar debt, barring any last minute changes. According to the Managing Director of Cal Bank, Mr. Frank Adu ...

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DKM saga: BA minister meets Official Liquidator

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The Brong Ahafo regional minister, Kweku Asomah Kyeremeh is expected to meet the Official Liquidator for DKM Microfinance which is the Registrar General’s Department within the next two weeks on the progress of payments for affected victims. The meeting which is at the behest of Mr. Asomah Kyeremeh will also afford him the opportunity to fashion out all misunderstandings among ...

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Ghana EximBank Board inaugurated

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The Deputy Finance Minister, Kweku Kwarteng has charged the Ghana Exim Bank to pursue pragmatic policies and programs to increase Ghana’s export revenue and improve the Balance of Trade (BoT). The Exim Bank is among others expected to support local producers with the necessary financial and technical expertise to position them to compete favourably with their foreign counterparts. Kweku Kwarteng was speaking ...

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First Deputy Governor of BoG retires

MILLISON NARH, BOG

The First Deputy Governor of the Bank of Ghana (BoG) Mr. Milison Narh has retired. A statement from the central bank stated that Mr. Millison Narh paid a courtesy call on the President Nana Addo Dankwa Akufo Addo this afternoon – 31st July, 2017 to announce his retirement. Present at that meeting were the Vice President, Dr. Mahamudu Bawumia and ...

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Gov’t hasn’t increased Ghana’s debts – Yaw Osafo Maafo

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Senior Minister, Yaw Osafo Maafo has justified government’s issue of bonds to restructure the country’s debts. The NPP government’s bonds issue have been viewed by some as repeating the very concerns the party raised during the campaign season in 2016. The running mate at the time, Dr. Mahamudu Bawumia criticized the NDC for increasing the debt burden of Ghanaians. But ...

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No supplementary budget risky for 2017 budget – Economist

Ken Ofori-Atta - Finance Minister

Some Economists want the Finance Minister, Ken Ofori Atta, to give detailed plans of increasing revenue even as he presents a midyear budget review to Parliament today. It comes on the back of a decision by the Ministry not to seek a supplementary budget. For Economist, Dr. Said Boakye, the government’s inability to meet the revenue targets for the first ...

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