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Second Deputy BoG Governor resigns

The Second Deputy Governor of the Bank of Ghana, Dr Johnson Asiama has resigned. Sources say he has taken his accumulated leave leading to his exit from the bank by the close of this month. Dr Asiama’s decision to move on was communicated in the first week of December to …

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US$1.05bn cocoa loan stabilises cedi — BoG

The Bank of Ghana (BoG) has confirmed receipt of US$1.05 billion of this season’s cocoa loan, which it says is instrumental in stabilising the cedi against its seasonal depreciation pressures. The inflows have also boosted the country’s gross reserves, bolstering them to US$6.9 billion, equivalent to 3.9 months of import …

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Banks ease borrowing pressure on BoG

Banks have significantly reduced their borrowings from the central bank, following a marked improvement in the liquidity positions of all the 32 banks, the Governor of the Bank of Ghana, Dr Ernest Addison, has said.   The reduction in borrowing from the central bank was observed around the second and …

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