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    NIB MD laments cost of borrowing for private sector

    Kwahu Summit to focus on Africa’s economic transformation under AfCFTA – APN

    World Trade Centre Accra Accra announces partnership with Altkom Akademia to offer professional education in Africa

    Ghana has the 4th cheapest average cost of internet in Africa – Statista

    Africa’s internet economy to cross $180 billion by 2025: Report

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

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    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

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    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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Bank of Ghana presented with Central Bank of the Year Award

byNerteley Nettey
October 14, 2020
in Banking And Finance, Top Stories
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The Bank of Ghana has been presented with the prestigious Central Bank of the Year Award by the Central Banking Awards Committee.

The award follows the bank’s successful implementation of monetary policy and impressive achievement in reforming the banking sector in Ghana.

A statement issued by the Central Bank stated that, “the usual awards dinner which was slated for March 2020, in Brussels, Belgium to highlight the outstanding performance and achievements of awardees was called off due to the emergence and worldwide effect of the coronavirus (Covid19) pandemic. The closure of country borders and airports with travel restrictions made it impossible for the organisers of the awards to celebrate the award winners.”

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It also stated that, at a virtual ceremony to receive the award, the Governor of the Bank of Ghana, Dr. Ernest Addison, said, “It is a great privilege for the Bank of Ghana to be named the Central Bank of the Year, and I thank the team at Central Banking for the honour done us.  This award reflects our vision to build a central bank of excellence that is well-respected by stakeholders, and further strengthens our resolve to continue to implement sound monetary and financial sector policies”.

“The successful execution of our Monetary Policy and the Financial sector reforms and subsequent turnaround in the economy, which this Award duly recognises,has been due to the hard work of the whole Bank of Ghana team comprising management, the Board and staff.

Let me mention the support I got from my very able and efficient deputies, and heads of departments. The Bank also received invaluable support from the Monetary Policy Committee, and other key collaborative institutions, including the Ministry of Finance and the Economic Management Team, in the pursuit of its policies and programmes,” he added.

Governor Ernest Addison further said that, “With humility and profound gratitude, I accept this award on behalf of the Board, Management, and Staff of the Bank of Ghana. Thank you all for sharing in the vision to ensuring macroeconomic stability and establish a stable, sound, and resilient banking sector to support the country’s growth and development agenda.”

“I am hopeful that we will continue on this path and consolidate the far-reaching gains of macroeconomic and financial stability in Ghana,” he added.

The Central Banking Awards were set up to highlight the outstanding performance and achievements of individuals and organisations within the central banking community.

The awards recognise excellence in a community facing difficult monetary policy and financial stability challenges that needed to be addressed effectively, while prudently embracing technological change in reserves, financial services, payments, currency management and data.

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