BOG – GHweb

Tag: BOG

Trade in Cedis to sustain currency gains – BoG to businesses

May 27, 2025

Businesses operating in Ghana have been urged to conduct their transactions in the local currency as part of efforts to preserve the recent stability and appreciation of the cedi. According to the Bank of Ghana, increased use of the cedi in domestic transactions will help reinforce confidence in the currency and reduce pressure on foreign...

BoG to Discuss Reinstated Transfer Fees with Banks Following E-Levy Abolition

May 26, 2025

The Bank of Ghana (BoG) is currently looking into the re-emergence of transfer fees imposed by several commercial banks, which have come to light following the recent abolition of the E-Levy. Customers have expressed their worries regarding the new or heightened charges associated with transfers between personal bank accounts and mobile money wallets—fees that have...

Bank of Ghana Defends Cedi’s Remarkable Recovery Amidst Criticism

May 19, 2025

Dr. Zakaria Mumuni, the First Deputy Governor of the Bank of Ghana, has asserted that the recent appreciation of the Ghanaian cedi is not only a significant turnaround from last year’s performance but also an extraordinary achievement since the country adopted a flexible exchange rate system. “Year to date, we’ve had the cedi appreciating by...

Bank of Ghana Hosts Workshop to Enhance Journalistic Understanding of Inflation and Responsible Reporting

May 7, 2025

Dr. Bernard Otabil, the Director of Communication at the Bank of Ghana (BoG), emphasized the crucial role his institution plays in Ghana’s economic management during a recent workshop aimed at educating journalists. He asserted that the essence of the central bank extends beyond the physical currency it issues, highlighting that it is built on trust...