Bank of Ghana to replace GH¢1 and GH¢2 notes with coins

    The GH¢1 and GH¢2 notes will soon be phased out of the Ghanaian economy. This was made known by the Governor of the Central Bank, Dr, Ernest Addison on Monday, September 27, 2021. Dr. Addison said the two notes which are usually not in good shape will be replaced by their respective

Bank of Ghana to replace GH¢1 and GH¢2 notes with coins The GH¢1 and GH¢2 notes will soon be phased out of the Ghanaian economy. This was made known by the Governor of the Central Bank, Dr, Ernest Addison on Monday, September 27, 2021. Dr. Addison said the two notes which are usually

Bank fraud cases hit ¢1bn in 2020 – BoG

    The total value of reported fraud cases in the banking industry witnessed substantial increase last year to hit ¢1.0 billion, data from the Bank of Ghana (BoG) has revealed. This is compared to ¢115.51million recorded in 2019. According to the Central Bank, the notable increase in the value reported was as a

E-cedi: Bank of Ghana to pilot digital currency

The Bank of Ghana is in the advanced stages of introducing a digital currency, the Governor of the central bank, Dr Ernest Addison has disclosed.According to the Dr Addison, the e-cedi will go through three phases before it goes into circulation.He said in the final stage, a pilot would determine

Ghana secures €170 million for new national bank

The Ministry of Finance and the European Investment Bank (EIB) have signed an agreement for the provision of a €170 million facility for the establishment of a new national bank, the Development Bank Ghana (DBG).The facility is the largest provided by the EIB for the establishment of a development bank

Government to implement US$200million Jobs and Skills Programme

Government is fast tracking the implementation of the US$200million Jobs and Skills Programme to enhance job creation significantly.The intervention is designed to facilitate new and expanded private sector businesses to employ many more people.Mr Ken Ofori Atta, the Minister of Finance at the Minister's Press Briefing, said, "this we believe